Netagio partners with WalPay for payments processing following CTS account closure

Netagio has partnered with Isle of Man-based WalPay for payment processing in GBP, EUR and USD. According to a press release, additional currencies will be supported in the future.

WalPay is a payment processor based in Isle of Man, with a previous focus on the Gaming, Adult, Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term and Binary Options industries.

The partnership comes after bitcoin businesses on the island faced a setback when Capital Treasury Services (CTS) said that its bank account had been closed due to bitcoin-related activity. CTS had served as a bridge between banks and bitcoin businesses. Said Netagio CEO Simon Hamblin:

"The very day we were informed of CTS’s decision, we began assessing both our dormant and new banking relationship partners, undertaking the necessary rigorous due diligence required."

Netagio also announced that the current partnership will pave the way for a credit/debit card offering, which would aim to may Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term even easier.