Coinmama Partners with Volt to Provide Open Bank Payment Services in Europe and Brazil
According to reports, Coinmama, a cryptocurrency trading platform, has partnered with Volt, a real-time payment gateway, to provide open bank payment services to its customers in E
According to reports, Coinmama, a cryptocurrency trading platform, has partnered with Volt, a real-time payment gateway, to provide open bank payment services to its customers in Europe and Brazil.
Coinma and Volt cooperate to achieve real-time payment in cryptocurrency in Europe
The cryptocurrency trading platform, Coinmama, has recently announced its partnership with Volt, a real-time payment gateway. With this partnership, Coinmama aims to provide open bank payment services to its customers in Europe and Brazil.
Overview of Coinmama
Coinmama is a digital platform that allows users to buy and sell cryptocurrencies such as Bitcoin and Ethereum. Founded in 2013, Coinmama has been offering a simple and secure way for users to purchase digital currencies using credit or debit cards. The platform currently operates in over 190 countries and has a customer base of more than 2.3 million users worldwide.
Overview of Volt
Volt is a real-time payment gateway that enables businesses to accept payments directly from bank accounts. The platform supports all major European banks and provides users with a secure and efficient way to make payments online. With Volt, businesses can also track transactions in real-time and automate payment processing.
Partnership between Coinmama and Volt
The partnership between Coinmama and Volt aims to provide open bank payment services to Coinmama’s customers in Europe and Brazil. With Volt’s innovative payment technology, users can make payments directly from their bank accounts, bypassing traditional payment methods such as credit cards.
Benefits of Open Bank Payments
Open bank payments offer several benefits to users. Firstly, it eliminates the need for intermediaries, which reduces transaction costs and increases efficiency. Secondly, open bank payments are highly secure as they require two-factor authentication and are authorized directly by the user’s bank. Finally, open bank payments are fast and reliable, with transactions typically processed in real-time.
How Open Bank Payments Work
Open bank payments work by enabling users to make payments directly from their bank accounts. Users must first authorize the payment through their banking app, after which the payment is processed instantly. The payment is then confirmed to the merchant, and funds are transferred from the user’s bank account to the merchant’s account.
Impact of the Partnership
The partnership between Coinmama and Volt is expected to benefit both companies significantly. Coinmama users will now have access to a faster and more secure payment method, while Volt will benefit from Coinmama’s large customer base.
Future Developments
This partnership is just the beginning for Coinmama, as the platform plans to expand its payment options further in the future. The platform is also looking to increase its customer base in other countries and aims to become a leading player in the digital currency market.
Conclusion
The partnership between Coinmama and Volt will revolutionize the way people make payments for their digital currency purchases. Open bank payments offer a more secure, efficient, and cost-effective method of payment, and this partnership will provide users with a superior payment experience. As the digital currency market continues to grow, it is vital that platforms like Coinmama adapt to the changing needs of their customers.
FAQs
1. What is open bank payment?
Open bank payment is a payment method that allows users to make payments directly from their bank accounts. The payment is authorized by the user’s bank and processed in real-time.
2. How do I use open bank payments on Coinmama?
To use open bank payments on Coinmama, simply select the option during the checkout process and authorize the payment through your bank’s app.
3. Is open bank payment secure?
Yes, open bank payments are highly secure as they require two-factor authentication and are authorized directly by the user’s bank.
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