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NETELLER Adds Bitcoin Deposit Option in Surprise Policy Reversal

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Bitcoin Integration

Payments processor and prepaid card provider NETELLER has added a bitcoin deposit feature.

A representative for NETELLER confirmed the deposit feature, telling CoinDesk it may be officially launched as early as tomorrow.

The move is an apparent reversal of policy for NETELLER, which previously revised its terms of use policy to explicitly prohibit the “trade, exchange, purchase or sale of bitcoins, or any other virtual currency”.

Users of the service have since taken to social media to advertise the presence of a bitcoin option on the website. The spokesperson said that what users are reporting is likely the first stage of the integration.

“It is brand new,” the representative said, declining to elaborate further on the feature.

Neteller

NETELLER, founded in 1999 and currently based in the Isle of Man, is a subsidiary of Optimal Payments, which earlier this week made headlines for its agreement to purchase prepaid card provider Skrill for €1.1 billion.

NETELLER has long been associated with the online gaming industry, offering services to a number of well-known sites in the ecosystem. As such, the representative added that the service will not be available initially for users in the US.

Tadakaluri.org will continue monitoring this developing story and provide updates as they become available.

Images via Reddit, Shutterstock

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Nagaraju Tadakaluri
Nagaraju Tadakaluri is a Professional Web Designer, Freelance Writer, Search Engine Optimizer (SEO), Online Marketer, Multi Level Marketer (MLM) and Business Promoter. Have developed Latest Updates in hopes to educate, inform and inspire.

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