Hong Kong-headquartered cryptocurrency exchange Bitfinex now enables its users to purchase cryptocurrencies with both credit and debit cards.

The substitution fabricated the annunciation on Dec. 20, saying:

"Purchase cryptocurrencies with your debit or credit cards on Bitfinex. Whether it'southward Bitcoin, USDt, Ethereum, or any other ERC20 tokens, selection your favorite and purchase with your credit or debit cards directly."

Bitfinex'southward recent developments

Dec has witnessed a number of Bitfinex's developments, with the substitution and crypto shop Bitrefill partnered to let the trading platform's clients to shop with Bitcoin (BTC) over the Lightning Network. The collaboration will allow customers to purchase over two,000 different prepaid vouchers with BTC. The vouchers can cover the costs of services and products relevant to gaming, dining, entertainment, travel and more.

New York-based blockchain analytics firm Chainalysis is fix to provide Bitfinex with it Anti-Money Laundering compliance solution to use the existent-time monitoring capabilities of Chainalysis' technology to identify high-risk outliers amid a high volume of transactions

Bitfinex too revealed the first of two major upgrades it says will completely change user payments and spending habits, confirming that it would back up BTC transactions on the Lightning Network.

Crypto with credit/debit cards

Likewise this month, Tokyo-based cryptocurrency exchange bitFlyer announced the launch of "Instant Purchase" on its European exchange platform. The exchange will thus provide its European users with the ability to buy cryptocurrency using a credit carte, debit bill of fare and local instant transfer methods like Sofort, iDeal and GiroPay.

Coinbase Card, a crypto-powered Visa debit card from major crypto exchange Coinbase, began supporting Dai (DAI), a stablecoin pegged to the U.s. dollar, alongside major cryptocurrencies such every bit Bitcoin and Litecoin (LTC).