By Shelly Melancon (Switzerland)
UK-based cryptocurrency platform, Paybis, has introduced new features, which include numerous payment methods, to its service offerings. Investors on the platform now have opportunity to make cryptocurrencies purchases via the UK’s Faster Payment Systems (FAS) and EU’s Single European Payments Area (SEPA) for fiat currencies deposits- the GBP and the Euro. Two other new features allow investors to make local payments from US banks and cross-border payments using the SWIFT USD.
These new features are in accordance with the vision of the UK-based crypto platform to encourage more participation of its investors in the cryptocurrency and blockchain sector. Paybis aims to achieve this by reducing costs and providing a level playing field for its investors in terms of access.
Paybis Reduces Transaction Fees
In addition, in line with its vision, the platform introduced reduced fees on cryptocurrency transactions, whether buying and selling. Thus, Paybis now charges 0.99% instead of the previous fixed fee of 2.99%. Buying limits on single purchases have also been increased on Paybis from $200k to $1 million. Investors can buy crypto assets up to the worth of $1 million.
Paybis was established in 2014 and has been functioning since then. It is duly licensed by and registered with the US Financial Crimes Enforcement Network and its Treasury Department. The crypto platform boasts of $250,000,000 annual trading volume. Paybis has been upgrading its services since its creation year. Over 180 countries and 48 US states have access to the platform. Paybis offers only 10 cryptocurrencies and 47 different fiat currencies including the USD. It provides 24/7 support for investors.
Also read:Paybis Adds Other Interesting Features
Paybis added a blog on the platform to avail investors of relevant updates and development in the crypto space; an affiliate program where investors are rewarded for inviting new investors to the platform with their unique link and a news section for investors keep themselves abreast of the platform’s updates. Paybis also has a price tracking section where investors can track the real-time prices of the coins they are hodling or any other coin or token.
Interestingly, investors can track prices not only in the US dollar but in over 90 different fiat currencies. Moreover, with the crypto calculator feature, both old and new investors can efficiently calculate the cost of whatever prurchase they are willing to make. Paybis services are available in 9 languages including English. In March, Paybis said it was expanding its operations to the New York, which would make it 49 states for its US operations.
Paybis is not in the league of platforms being chased by regulatory authorities to comply with existing regulations as it has a temporary license from the UK’s Financial Conduct Authority until it obtains a permanent license. Binance Platform has ceased its operations in the UK after it failed to comply with existing policies guiding firms providing financial services.
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