Hello Markets has just announced that it has sealed a partnership with Polycoin, the bitcoin payment service provider. The Israel-based company offers merchants the ability to accept deposits and issue withdrawals in bitcoins.
Hello Markets’ brokers can now carry out transactions in bitcoins
Every single one of Hello Markets ’ brands will be able to add Polycoin’s payment processing method to their list of deposit and withdrawal methods. Integrating Polycoin into brokers’ platforms will enable traders to make deposits in bitcoins, and convert them in to the denominative major currency of the user’s trading account.
Traders who prefer not to enter their credit card details on the broker’s website will see this as a considerable advantage, as they will be able to use Polycoin to deposit and withdraw funds in bitcoins. With wire transfers being the least preferred method of most traders due to waiting periods, more and more traders are attracted by the idea of depositing and withdrawing their funds via swift and effortless methods similar to the ones offered by Polycoin.
This mode of payment furthermore allows traders to carry out transactions without accessing their bank account, and completely eliminates any additional transaction fees.
Brokers will also be benefiting from Hello Markets’ latest partnership, as rolling reserves and charge-backs will almost be a thing of the past; given that deposits can only be carried out from the account owner – therefore removing the possibility of fraud from the equation.
“With 80% of bitcoin transactions reportedly carried out with the Chinese Yuan, the addition of Polycoin to Hello Markets’ list of payment service providers is sure to be of interest to our company’s large list of binary options brands based in Asia and more specifically, China. As always, we are determined to provide a one-stop shop to our clients and help increase their customer base”, said Jeremy Dahan, CEO of Hello Markets.
As has been evident with the company’s partnerships of late, Hello Markets has once more proved that it aims to offer its brokers a growing list of revenue channels, while also making sure that traders are presented with a large variety of safe and advanced trading and payment tools.
Alfred Shaffir, founder and CEO of Polycoin said: “As a leading provider of crypto currencies payments solution for the financial sector, we see an excellent opportunity in working with binary option operators, and with the Forex trading sector in general. Partnering with Hello Markets will give Polycoin another great channel to access this market and will help us to continue our global efforts to drive the crypto currencies payments option to financial merchants around the world.”
Introduced in 2008, the bitcoin payment system is one of the first crypto currencies to be made widely available to the public. Six year after it was released as an open-source software in 2009, it now caters to over 100,000 merchants who accept this virtual currency.