Payza Founders Sentenced in $250M Money Laundering Case
Canadian brothers Firoz and Ferhan Patel are headed to prison after admitting their payments company had broken the law.
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Payza, is one of the leading online payment processors. Today, Payza announced that merchants using Payza to process payments can now accept Bitcoin payments. Payza started offering Bitcoin services in August 2014 when they introduced an option for Payza members to buy Bitcoin directly within their accounts; later that year, in October, the company released a new Bitcoin deposits option, which allowed members to sell Bitcoin to Payza. Now the company extended the Bitcoin option to Merchants. Payza informed that the new feature has been automatically enabled on all existing Payza Payment....
Payza is continuing its push towards empowering underbanked areas and integrating Bitcoin into the service. Founded in 2012, London-based Payza is a relatively new online payments platform that competes with services like PayPal. Payza's personal accounts let users transfer money internationally and purchase various goods online. Business accounts are used by merchants to process payments, issue invoices, and manage other aspects of running a company. However, unlike some of its competitors like PayPal, Payza has been very positive about Bitcoin and cryptocurrencies in general. Back in May....
Alexander Vinnik, an alleged BTC-e operator, was found guilty of money laundering in France and sentenced to five years in prison.
Global online payment processor Payza has announced it is now offering customers in 190 countries the ability to buy bitcoin via bank transfer. Payza took to its official blog to reveal the news, though this formal announcement followed preliminary tweets from both Payza business development consultant Charlie Shrem and the London and Montreal-based company itself. In its formal remarks, Payza hinted that the bitcoin buying option will allow it to pursue larger goals in the bitcoin and digital currency space, stating: "This is our first step into the exciting space of cryptocurrency,....
Payment services company Payza on Wednesday confirmed in a blog post they are actively exploring the possibilities of integrating the bitcoin digital currency into their platform. This news comes following a May 15th report from NEWSBTC that indicated Charlie Shrem had assumed a business development role at the company, with Shrem telling us that he is "responsible for overseeing development, integration and incorporation of Bitcoin and Digital Currency into the Payza Global Platform." Company VP of Product Ali Nizameddine said Payza - which operates out of London - has a "distinct vision"....