MEXC Global has begun letting customers directly buy cryptocurrencies with Mastercard and Visa, according to updates posted on the exchange’s website in June.
“Users can now enjoy a user-friendly experience and purchase crypto with one of the lowest payment fees and success rate. In addition, the instant transaction offers both speed and convenience to users,” the company said in its update.
MEXC Global stated in a post on its Telegram account that the cryptocurrency purchases with Visa and Mastercard will be possible in 180 countries, with a cap of $5,000.
Anthony Guo, head of payment at MEXC Global, said in a news release that company took the step of allowing Visa and Mastercard purchases to simplify transactions for customers.
“By enabling crypto purchase through Visa and Mastercard directly, MEXC Global is delivering a faster, simpler, and more connected experience for its users — making it easier for users to convert fiat into crypto assets, which opens up the ownership of cryptocurrency to millions of people where bank card is the dominant medium of transaction,” he said, according to a CoinRivet report Sunday (July 3).
On its website, MEXC Global, formerly known as MXC Exchange, described itself as “the exchange of high performance and mega transaction matching technology.”
The company, which was founded in 2018, said that it has more than 6 million users in more than 200 countries. The company is licensed in Australia, Estonia and the United States, and MEXC Global said its system can handle 1.4 million transactions per second.
Read more: Supreme Court Ruling May Tie SEC’s Hands on Crypto Crackdown
MEXC Global’s offering comes at a time of uncertainty for crypto exchanges following a U.S. Supreme Court ruling that numerous observers think could hinder the government’s efforts to further regulate the industry.
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