Bitstamp, a European Union-based bitcoin marketplace, announced the expansion of its debit/credit card purchasing functionality in numerous countries beyond EU.
The announcement follows the company’s step last week in increasing the threshold for bitcoin purchases made by debit/credit card to USD 5,000/EUR 5,000 daily and USD 20,000/EUR 20,000 monthly.
Bitstamp has already made the purchase of bitcoin with the help of Visa and MasterCard debit and credit card, throughout the EU-28.
“This means that if you are in the EU 28 or any of the countries listed, you can now purchase bitcoin instantly using your Visa or MasterCard credit/debit card,” the announcement stated.
The countries that have included Bitstamp credit/debit card purchasing include Switzerland, Norway, Hong Kong, China, Singapore, Taiwan, South Korea, Australia, Saudi Arabia, India, Jordan, the Bahamas, Bahrain, French Polynesia, Ecuador, among various other countries.
Before instant bitcoin purchases on Bitstamp, one-time verification of user’s card details is required. In order to get started, users in those countries where Bitstamp has added the new service, have to go to the deposit page and choose the credit card from the side menu, after which they have to choose the amount to spend and enter the card details.
Bitstamp has brought the new service to customers, in cooperation with its partner, Simplex that ensures guarantee against fraud chargebacks, using a cutting-edge Artificial Intelligence (AI) and machine learning technology.