By
Godfrey Benjamin
January 9th, 2024
The partnership with BitPay allows Worldcore to add bitcoin as payment option for account top-up.
Worldcore, an online payment service provider that has been ranked as Number One Fintech company from Czech Republic, has announced exciting news for bitcoin society. Starting this month, Worldcore will accept bitcoin via the leading bitcoin payment processor BitPay.
BitPay is a leading bitcoin payment processor with offices in North America, Europe, and South America. BitPay was founded in 2011 when bitcoin had just started developing. The team of BitPay managed to see the potential of the cryptocurrency and now the company has become the largest bitcoin payment processor in the world, serving more than 60,000 merchants on six continents. It has raised over $32 million from top investors including Index Ventures, Founders Fund, and Sir Richard Branson.
Worldcore’s CEO Alex Nasonov commented on the news: “Our goal is to open up the global marketplace to businesses and consumers who aren’t served by legacy banking and are looking for cost-effective, innovative payment products. Bitcoin will allow us to reach more people with that mission. With BitPay as our new partner, it’s ‘Easier than you think.’”
According to Worldcore, bitcoin will become a convenient way for customers to get access to banking services without the need for credit cards, banking infrastructure, or currency exchanges. The partnership with BitPay opens Worldcore a possibility to become the first digital banking service that will enable its 7,000+ customers to use the digital currency to top up accounts and prepaid debit cards with industry-leading ATM withdrawal limits of 4,000 Euros per day.
Worldcore reveals that it was bitcoin’s potential to limit payment fraud and chargebacks that encouraged them to add the option for the digital currency.
“Worldcore is leading the way in providing comprehensive banking services for the digital economy,” said BitPay EMEA General Manager Marcel Roelants. “We think bitcoin can become the preferred method for international top-up payments, and we are excited to see how Worldcore’s customers will respond to this new payment option.”
Worldcore was launched in 2014 and is now owned and operated by EUPSProvider s.r.o., a Czech Republic-licensed payment institution regulated by Czech National Bank. The company offers its multinational customers an access to international banking, e-currencies, and country-to-country transfers as well as an option to withdraw Euros or US dollars to any bank accounts or Visa and MasterCard debit cards with minimal fees.
The upcoming work with bitcoin is not the only news from the payment service provider. This summer Worldcore will be announcing a number of bright updates including flexible affiliate program for advertisers and introducers of all levels or merchant accounts for e-commerce. The company is also preparing a blog that will become an informative fintech media with juicy content and news from the industry.