ZipZap Brings Digital Currency Buying Back to 20,000 Retail Locations

ZipZap Brings Digital Currency Buying Back to 20,000 Retail Locations

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....


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ZipZap Resumes Cash-to-Bitcoin Services for UK Shoppers

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....

ZipZap Expands Throughout 34 Countries in Europe

Global transaction network ZipZap is going big. The company, which allows customers to buy bitcoin through scores of retail locations in places like the United Kingdom, has announced a major expansion. The company said on Wednesday that their service is now available in a whopping 34 countries throughout Europe, allowing consumers to use their local fiat to purchase bitcoin and a slew of other digital currencies. As a step to getting here, ZipZap said they have formed strategic partnerships across the European Union, which will surely benefit enthusiasts of digital currency. "ZipZap has a....

ZipZap to Offer Cash-for-Bitcoin Service at 28,000 UK Locations

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ZipZap Teams Up With IDology to Streamline Customer Identity Process in the UK

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....

ZipZap Halts Processing Digital Currency Transactions in the UK

It was with great excitement that ZipZap announced last year they would be adding thousands of cash-to-bitcoin locations in the United Kingdom - effectively allowing clients to purchase bitcoin at over 25,000 participating locations. Fast forward to the present time, and the program has come to a grinding halt. The company is currently not accepting cash for bitcoin in the country anymore, according to a report from CoinSpectator. The reason? "Ongoing" issues with PayPoint, the company that serves as ZipZap's payment processing backbone. PayPoint has asked ZipZap to stop accepting cash for....

Quotes

These past days, I have done a lot of thinking about Bitcoin that ended up with me investing all of the money I had saved and all that I can borrow into the currency.

Rick Falkvinge, IT Enterpreneur, Politician. Founder of the Swedish pirate party