Bitstamp partners with Masterpayment for cryptocurrency purchases

Bitstamp, an EU-registered bitcoin and cryptocurrency exchange, the largest within the EU in terms of volume, today announced Masterpayment, an independent payment processor, specializing in the requirements of the new cryptocurrency markets, as its new partner for credit card processing and acquiring of cryptocurrency purchases.

Masterpayment, a first mover in cryptocurrency markets, merges the core capabilities of an acquirer with those of a payment service provider and adds the regulatory framework of a renowned bank, which provides added value, including payout options in 14 settlement currencies, as well as corporate accounts via the in-house acquiring bank. Bitstamp customers can still spend USD or EUR using Visa and Mastercard credit or debit cards to purchase bitcoin (BTC), litecoin (LTC), ether (ETH) and ripple (XPR). The transaction fees will decrease from 8% to 5%.

Miha Grčar, Head of Business Development at Bitstamp said: […]

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