Payza's virtual currency exchange adds dozens of Bitcoin alternatives

Payza is embracing the rise of new cryptocurrencies by opening its own exchange to more than 50 Bitcoin alternatives.

The U.K.-based online payments platform provider announced full Bitcoin support last month, and now it enables its members to sell Ethereum, Ripple, Litecoin, Dash, Monero, Zcash and dozens of other cryptocurrencies in exchange for U.S. dollars.

In the majority of countries where Payza is available, verified members may sell Bitcoins and alternative cryptocurrencies to Payza, which will exchange the value to a Payza e-wallet, which can be loaded to a Payza card for purchases online, in stores or withdrawn as cash in U.S. dollars from most ATMs.

manaemedia - Fotolia

“Payza is committed to providing our members with a complete online payments and e-commerce solution, and that means incorporating Bitcoin along with the other most popular cryptocurrencies in our platform,” said Firoz Patel, Payza’s CEO, in a Wednesday press release.

Payza also plans to enable its members to buy altcoins from Payza, similar to the current method of buying Bitcoin via Payza, the company added.

Payza, founded in 2004 as AlertPay, launched its eWallet in 2005 and began operating as a payments gateway in 2015.