PAYID, a leading Australian instant payment system is now directly connected to Bitunivex.com which will allow users to instantly deposit and withdraw Australian dollars directly into their bitunivex.com accounts.
Bitunivex.com is a globally accessible cryptocurrency exchange headquartered in Sydney, Australia, and regulated By the Australian financial regulator, Austarc.
Bitunivex.com is committed to providing one of the fastest and easiest cryptocurrency transactions in the world, and the PAYID integration is the next step of its commitment.
PAYID is a unique, personal identifier for a bank account instead of their BSB and Account number.
With this integration in effect, Bitunivex.com users have two options for AUD deposit and withdrawals, the first one being the traditional banking infrastructure using BSB code and account number, which may take up to two working days, and the new PAYID, which is Instant. The traditional banking option will be available because some Australian banks do not provide PAYID yet.
Bitunivex’s PAYID system is provided by Osko payment, which works with more than 70 banks and financial institutions to make instant transactions possible.
Integration with PAYID also brings a new level of trust to Bitunivex’s individual and enterprise customers since every single bank and financial institute, just like Bitunivex, goes through a lengthy process of approval concerning safety, trust, and verification to get connected to the system. Additionally, PAYID is supported and backed by BPAY pty ltd, an Australian Financial Service Company, to ensure further safety and trust for every user.
“Bitunivex.com is continuing its commitment to constant innovation and User-Experience enhancement and is exploring further plans for future integrations with other leading currencies globally.” said the COO of Bitunivex.com, Mos Bilondi.