CEX.IO, a UK-based cryptocurrency exchange, announced Thursday the launch of instant U.S. dollar, euro and Russian ruble withdrawals to payment cards.
In a press release sent to CoinReport, the exchange said it has enabled withdrawals of fiat funds to Visa and MasterCard. CEX.IO co-founder and CEO Oleksandr Lutskevych said there are no other exchanges aside from CEX.IO that currently offer instant withdrawals of fiat funds to Visa and MasterCard at low commissions.
Withdrawal requests are processed automatically, and, in most cases, instantly. CEX.IO said individual cases made require some time, and the exchange is in talks with payment service providers to enable momentary processing for all clients.
“Global commonness of using payment cards effectively intersects with people’s will to buy and trade Bitcoins,” said Lutskevych in the press release.
The exchange said that once a card is linked to a