According to a press release shared with CQ, global investors can buy up to $5,000 worth of digital currency per transaction. It is worth noting that Visa and MasterCard offer lower costs to investors.
After the announcement of the integrated debit card, Anthony Guo, the person in charge of payment at MEXCGlobal, explained:
By purchasing cryptocurrency and MasterCard directly through Visa, MEXCGlobal provides customers with a fast, simple and connected experience.
Guo added that such an approach would make it "easier for customers to convert fiat currency into crypto assets, and then open up the ownership of virtual currency to millions of people who use bank cards as the main medium of exchange."
The MEXC team also revealed that the integration of traditional payment methods will become the basis for the partnership between Visa and Mastercard. It is also in line with the advocacy of advocating the integration of exchange encryption and traditional financial companies.
Since then, MEXC off-site financial services and global bank transfer plans have been launched, allowing customers to use SWIFT and FedWire to store US dollars online. Customers can purchase virtual currency for deposits and withdrawals in U.S. dollars from local banks with 0% transaction fees.
In addition, the exchange supports a variety of local payment methods, and the footprints of MEXC have already entered many jurisdictions such as Brazil. For P2P transactions, MEXC customers can also use Simplex, Banxa and Mercuryo to wait for third-party services.
