ZipZap to Offer Cash-for-Bitcoin Service at 28,000 UK Locations
UK residents will soon be able to walk into one of 28,000 shops across the nation and pay for bitcoins in cash, thanks to a new deal forged by ZipZap. The global cash payment network has partnered with a well-known but as-yet-un-named company in the UK. ZipZap plans to offer this service in partnership with its network of bitcoin exchanges worldwide. This means that, from January, people will be able to buy bitcoins from a number of reputable exchanges through a single source, and pay in their neighbourhood with physical cash. ZipZap is currently available at 700,000 locations worldwide:....
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Bitcoiners can now pay cash for bitcoins at 28,000 shops across the UK, thanks to a new service set up by ZipZap. The service enables people to head to their nearest ZipZap payment location, hand over cash and see bitcoins deposited in their wallets almost instantly. Currently available via Bittylicious, BuyBitcoin.sg and BIPS Market, the service will go live with ANXBTC and ANXPRO next week, followed by Kraken, CoinMKT and BTCX.se. Customers simply have to log into their accounts with one of these companies and select the cash payment option, they then choose the amount of bitcoins they....
Global cash transaction network ZipZap has formally reinstated its bitcoin buying service at more than 20,000 partner retail locations in the UK. The news follows an abrupt halt of the company's digital currency services this March, when its UK-based payment processor PayPoint said it would require more regulatory clarification regarding bitcoin to support the offering. This resumed service is the result of ZipZap's new partnership with payments acceptance network Payzone. The Ireland-headquartered company has thus far indicated it does not share PayPoint's reservations about the....
Some better news for residents in the United Kingdom who might be looking to buy bitcoin. ZipZap announced on Tuesday that they're bringing their global cash transaction network back to 20,000 retail locations in the UK. The announcement come following a news item at the end of March in which we learned that the company would be halting the processing of digital currency transactions. The halt directly related to ZipZap's payment processor, PayPoint, and its desire to put the processing on hold until the legalities surrounding there digital currency transactions became clearer. Now, ZipZap....
Global cash payment network ZipZap has temporarily halted digital currency transactions, after partner and non-bitcoin payment processor PayPoint said it needed more clarification on surrounding regulations. ZipZap CEO Alan Safahi told CoinDesk the company had not ended its relationship with PayPoint, adding that it was still working with them for non-digital currency clients, and to add more payment locations. He said such issues were a fact of life for bitcoin businesses who needed to operate within the traditional fiat world. He added: "They only halted digital currency processing until....
In late 2013, global cash network ZipZap announced they'd be adding thousands of locations across the United Kingdom from which customers could buy bitcoin. In total, there are about 28,000 locations in the country where customers can make this happen, but before they do so they must undergo a KYC (know your customer) and AML (anti-money laundering) check to make sure they're not known criminals or using bitcoin to launder funds. The merchants at this locations are responsible for collecting the customers' National Insurance Numbers or Social Security Numbers to be verified, according to....