Launched in 40 countries (including Italy) the new Wirex service, which connects the account of popular payment platform to the virtual card E-Coin, which you can buy cryptocurrency.

Buy Bitcoin has become easier, even in Italy. For those who want to put aside the online credit transfers, passes through top-up cards and especially the cash currency exchange is now possible to buy the crittomoneta with just one click, after enabling your PayPal account. Merit of Wirex Limited, already known to fans of virtual currency London group for the introduction of E-coin market, the debit card that allows you to pay using Bitcoin transactions in the international circuits of Mastercard and Visa in about 130 countries.

Wirex, then stepped forward, creating a link between the ecosystem, the Virtual Visa Card E-Coin and PayPal platform. The service is available in 40 countries at the turn of Europe, Central America, Africa and Asia: Saudi Arabia, Bahamas, Bahrain, Botswana, Bulgaria, Chile, Croatia, United Arab Emirates, Estonia, the Philippines, Georgia, Gibraltar, Honduras, Iceland, Indonesia, Israel, Italy, Jordan, Kazakhstan, Latvia, Lesotho, Liechtenstein, Lithuania, Luxembourg, Malaysia, Malta, Mauritius, Moldova, Morocco, Mozambique, Oman, Romania, San Marino, Senegal, Serbia, Slovakia, Slovenia, Turkey and Uruguay .

Towards a hybrid banking platform

If from the point of view of the users of the affected markets, access to Bitcoin is greatly simplified, for Wirex the commercial roll out of the new service is a milestone in the strategic development of financial activities played on the international chessboard. Speaking with the head specialized CoinJournal, Tim Frost, VP Marketing and Business Development Group, he said that allowing users to easily buy Bitcoin has always been one of the main objectives of the company in order to give birth to a hybrid platform for banking incorporating all popular payment systems. “The next steps? The mobile banking, “explained Frost,” and the ability for our customers to send money from country to country at extremely low rates. ”

How to activate the service, step by step

But what should you do from a practical point of view to begin to purchase Bitcoin via PayPal? As mentioned, you must first have an active profile on the payment platform, to which must be added a virtual card E-Coin with an availability of at least 3 dollars and a Wirex account. Once logged into PayPal profile, you must select the “Add to Card” option and fill in all the fields with the required demographic information and data on virtual VISA card.

Confirmed the insertion, PayPal will activate the necessary checks on the card and will require a four-digit code is available on the profile homepage. By adding the code, the user will connect to the card PayPal E-Coin. At this point we enter the Wirex profile and take note of another four-digit code that PayPal will be sent there in the meantime. It is found in the “card transaction”.

Now all that remains is to transfer the funds to the virtual debit card: after returning to your PayPal account, click “Withdraw money” and then on “Withdraw Funds To Your Card”, selecting the E-Coin newly connected. The minimum transfer amount is $ 10, and you have to remember that for each transaction PayPal will withhold $ 5 fee. It will take five to seven business days for the funds to be transferred to the paper. Once notified of the operation, using the money to buy Bitcoin loaded on E-Coin simply access your account and select the “Buy Bitcoins” option, choose the desired amount of crittovaluta (provided that more than 0.01 BTC) and receive to confirm that the operation via mail. The Bitcoin are now ready to be used.

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