Bittylicious Extends Credit Card Payments to Altcoin Buyers

Bittylicious now allows users to purchase all of its available altcoins with MasterCard and Visa credit and debit cards.

The UK-based bitcoin brokerage first announced support for credit card payments this May when it added the payment option for bitcoin buyers.

Bittylicious accepts bank transfers, cash payments and select mobile payments services such as Barclays Pingit, though card payments are only available in euros.

Speaking to CoinDesk, Bittylicious founder and director Marc Warne cited strong demand for the payment option as the motivating factor behind the decision, and he added that the service upgrade would be finalized over the coming days.

"All altcoins may be purchased with a credit or debit card on Bittylicious, hopefully as of Tuesday. Almost all are available immediately, with a couple more of the recent additions being added shortly."

Warne stressed that altcoin buyers will be subject to the same security procedures as bitcoin buyers.

Users first need to upload an ID, Warne explained, which is then vetted by card processors.

Warne suggested that credit card payments have remained a popular payment option at Bittylicious since their introduction, and that he does not see enabling credit card payments as contradictory to the larger goals of bitcoin.

Rather, Warne suggested that supporting more payment options is good for the ecosystem as it encourages more buyers to enter the community.

Going forward, Warne said Bittylicious plans to streamline its card process and increase the number of local payment methods to European markets.