CEX.IO, a bitcoin exchange, has launched instant withdrawals to Visa and MasterCard’s payment cards in US dollars, Euros and Russian Rubles.
CEX.IO successfully concluded the full circle of fiat money flows to and from Visa and MasterCard with the help of new feature.
In addition, the bitcoin exchange has also enabled withdrawals of fiat funds to Visa and MasterCard.
Withdrawal requests are processed automatically, soon after their placement, and user does not require logging in to third party services.
Majority of the withdrawals are processed instantly and card owners can use withdrawn funds instantly.
CEX.IO is also engaged in discussions with payment service providers to enable momentary processing for absolutely anyone.
CEX.IO co-founder and CEO Oleksandr Lutskevych said: "Global commonness of using payment cards effectively intersects with people’s will to buy and trade Bitcoins.
"We are proud to tell that there are currently no other exchanges offering instant withdrawals of fiat funds to Visa/MasterCard at low commissions, except for CEX.IO."
CEX.IO is also planning to launch Bitcoin debit cards to load cards with Bitcoins directly.