Huobi Expands Payment Offering with Spain-Issued Visa and MasterCard

​Huobi Group recently announced that it has adopted Spain-issued Visa and MasterCard, aiming to offer customers another option to buy crypto with low transaction fee in Euros. 

According to the group, this service is provided by Huobi Technology (Gibraltar) Co., Ltd ("Huobi Gibraltar"), a regulated DLT service provider by Gibraltar Financial Services Commission ("GFSC").

As detailed in the announcemnet, users of Huobi Gibraltar can choose a fiat currency from the 'Quick-Buy/Sell' page on Huobi, and select the crypto asset and payment method they'd like to use for the purchase. During 23rd of April and 19th of May, Spain-issued Master/Visa card holders are eligible to enjoy a 1.32% transaction fee when purchasing crypto assets. Users do not need to be Spanish nationals, as long as they use a Spanish issued Visa or Mastercard with enabled international transaction before they can make fiat to crypto purchases through Huobi Gibraltar.

This is an ongoing strategy of Huobi Gibraltar's service expansion targeting a wider customer base in European market with a hassle-free platform to buy popular crypto assets with fiat currencies. Huobi has integrated points of access for users in UK, and the European Union looking to enter the crypto market.