MEXC Global, which claims to be a leading digital asset and cryptocurrency trading platform, reveals that it has taken steps towards improving the process of crypto purchases by offering investors in 180 countries the option of buying cryptocurrencies using Visa or Mastercard.
Investors will be able to purchase up to $5,000 worth of crypto-assets in a single transaction, according to the announcement.
Anthony Guo, Head of Payment at MEXC Global, said:
“By enabling crypto purchase through Visa and Mastercard directly, MEXC Global is delivering a faster, simpler and more connected experience for its users — making it easier for users to convert fiat into crypto assets, which opens up the ownership of cryptocurrency to millions of people where bank card is the dominant medium of transaction.”
Integration of traditional payment methods is crucial because “it relies on existing and familiar technology to users, rather than investing time and effort to learn a more complex system.”
This announcement also “marks the beginning of a partnership between well-established incumbents in payment systems, Visa and Mastercard, with fast-growing leaders in decentralized industries like MEXC Global.”
Since the official launch of the OTC payment service, MEXC has continuously “prioritized improving users’ trading experiences.”
Since launching the Global Bank Transfer Program a little while ago, MEXC Global has allowed its customers “to deposit and withdraw USD using the SWIFT and FedWire networks.”
Users are able “to purchase crypto with USD deposits and withdrawals from local banks with 0% transaction fees.” Moreover, a number of local payment methods “are supported along with MEXC’s footprint into more jurisdictions such as Brazil.”
In addition to P2P trading, MEXC users also have the option “to utilize third-party services like Simplex, Banxa and Mercuryo.”
By bringing in Visa and Mastercard, MEXC is fulfilling its mission of “simplifying the crypto-purchase process and effectuating the integration of cryptocurrency with traditional finance.”
The collaboration between MEXC and Visa and Mastercard is also “demonstrative of MEXC’s objective of connecting the world through globalized crypto trading.”
Established in April 2018, MEXC Global is “a digital asset trading platform with more than 7 million users, which offers users one-stop services, including spot, margin, leveraged ETFs, derivatives trading and staking services.”
The core members of the team “come from international enterprises and financial companies and have experience in blockchain and financial industries.”