London based Exchange Indacoin has launched China UnionPay (CUP) payments

London based Exchange Indacoin has launched China UnionPay (CUP) payments that will allow users from China buy bitcoins & litecoins with their banking card. The minimum amount is 10$ and the maximum is 2000$ per transaction. Bitcoinist readers can add the funds via CUP without any fees till the end of July. To use that option just create a ticket with the following text: BitcoinistCUP bonus”.

Indacoin not only offers the service for buying bitcoins instantly with a debit/credit card without registration, but also has a trading platform with a margin trading, professional API, zero fee for execution of a limit order. And all the clients of the exchange currently earn 15% annually on those funds, that they keep within the platform. This interest is calculated on the free USD balance and paid on a daily basis.

“As far as Chinese market was closed to Visa & Mastercard till this year, more than 70% of population uses China Union Pay there. So though such integration we d like to expand our operations to a new market”

Indacoin CEO Stanislav Kosorukov said. He also added that in August Chinese clients would be able to sell bitcoins and withdraw funds to their CUP cards.

For more information please visit: Indacoin.