Cryptocurrency users on Huobi are now able to load their accounts with Spain-issued Visa and Mastercard, according to the exchange.
This has given customers more alternatives when buying cryptocurrencies with low transaction fees in Euros.
According to the announcement, the service is made possible by Giralta’s DLT service provider and Huobi Technology Co Ltd.
Users who pay for crypto assets using Mastercard will be paying a 1.32% Mastercard transaction fee. The service is offered to anyone with Spanish-issued Mastercard or Visa who have enabled international transaction, including those residing outside Spain.
Huobi said the new service is part of the company’s expansion goals to the wider European market with a more affordable payment option.
Earlier, the exchange integrated points of access for users in the UK and European Union who want to enter the cryptocurrency market.
Empowering 100 million households worldwide
Vice President of Huobi’s Global Markets Ciara Sun, commented on the development. She said it’s the goal of the company to expand its market and provide more access to those that want to enter the crypto space. She added,
We will continue adding new fiat on-ramps to give all users a frictionless onboarding experience.
Sun added that Huobi wants to make it more secure, easier, and faster for users to own cryptocurrencies. This will in turn lead to the rapid adoption of crypto assets. It will also lead to the attainment of its goal of empowering 100 million households worldwide to own cryptocurrencies.
As part of the Huobi Group, Huobi Gibraltar has been operating as a provider of Distributed Ledger Technology (DLT) since 2018. The company is licensed to use DLT to store or transmit value belonging to users. This role includes the provision of dealer/brokerage services and the operation of a secondary market for trading cryptocurrencies and other digital assets.