Neteller Avoiding Digital Currencies
Neteller recently revised their customer terms of service agreement
to ban the use of digital currencies. The revision was definitely
due to the rising popularity of bitcoin. The official revision
says that customers cannot use Neteller to “facilitate the
trade, exchange, purchase or sale of bitcoins, or any other virtual
currency.”
Neteller is a leader in online payment processing but they have
avoided taking any risks after what happened some years ago when
they were forced out of the U.S. market. Neteller is now getting
back into the U.S. market and they want to avoid anything that
could cause them problems. Neteller processes billions of dollars
in transactions each year and they have been a very popular payment
processor for online gaming customers and businesses.
Neteller will likely be waiting on governments around the world
to accept bitcoin. That may take some time but bitcoin continues
to grow in popularity around the world. Neteller would have been
a popular option for players who wanted to use bitcoin but for
now that option is unavailable.
Neteller is now used in more than 200 countries. The company
was founded in 1999 and is operated by Optimal Payments Limited
which is a subsidiary of Optimal Payments Plc. Millions of people
around the world use the Neteller e-wallet to send and receive
money and make purchases.
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