Coinizy Brings the World’s First Bitcoin to PayPal Exchange

By November 24, 2015Bitcoin Business

Coinizy launches the world’s first Bitcoin CT r: 7 to PayPal exchange option. This new option promises to simplify Bitcoin to fiat exchanges and withdrawals. While similar money transfers usually, take about 3 or even 14 days for international transfers Coinizy new option promises to deliver money to users PayPal e-wallet in 24 hours. Yannick Losbar, Founder and CEO at Coinizy , explained in the official press release via email: "Up until now, 99% of the Bitcoin exchanges only offered the good old wire transfer, when one wanted to withdraw the funds he obtained by converting some bitcoins. This excludes de facto the 2.5bn unbanked people, as well as most of the teenagers, which is very unfortunate since this part of the population could represent the next potential wave of Bitcoin adopters." Besides the new Bitcoin to PayPal exchange option Coinizy, Vancouver-based financial services platform, currently offers various withdrawal methods including cryptocurrency exchanges to Okpay e-wallet, Western Union cash delivery and SWIFT bank transfers. The platform also offers virtual and plastic prepaid Bitcoin debit card s. Gilles Mendy, Business developer at Transactel Europe , who was in charge of the Coinizy cards program ordering process, commented to CoinTelegraph CT r: 26 : “Using bitcoin in our daily routine is a key stake for numerous companies, and we truly think that Coinizy has the right answer to make it possible. Contrary to the competition’s offers, Coinizy is focused on the exchange between dollars and bitcoin, we like this specialization and to think about consumer’s needs. We have good expertise in card management and this partnership with Coinizy was an interesting opportunity to associate our know-how.” Coinizy provides only fiat withdrawals, it don’t accept fiat as a deposit and doesn’t provide Bitcoin deposits – bitcoins are immediately sold during the deposit […]

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