New Payment Method: PIX

New Payment Method: PIX

We know that to onboard people from over the globe to the Web3 environment, it is necessary to give them a shot to buy crypto seamlessly and, more importantly, with the help of the most convenient payment methods.

It is our pleasure to introduce to you a new payment method PIX, which is already used by over 119 million people across the globe. With this payment method, the citizens of Brazil can buy the needed cryptocurrencies instantly. And our AI-powered KYC verification makes the purchase even faster because it takes no more than 3 minutes.

What is PIX?

PIX is an instant payment system created by the Central Bank of Brazil and managed by the monetary authority of Brazil. The payment system was firstly introduced in 2019 but started being available for the citizens of Brazil in 2020.

The essential idea of this payment method was to replace the colossal usage of cash and make it possible to process online payments around the clock. That is why PIX is designed to make a significant shift from cash payments to online in Brazil, and it is available 24/7.

To make the payment system easy to use, the Central Bank of Brazil has implemented one interesting feature, namely the option to initiate payment with the help of a QR (Quick Response) code.

Currently, over 70% of the total population of Brazil uses PIX, and this number is going up and up constantly.

How to buy crypto with PIX on Utorg in 3 steps?

To buy any cryptocurrency on Utorg with the help of PIX, you need to go through three elementary and straightforward steps.

  • Set up your purchasing order;
  • Choose PIX as the preferred payment method;
  • Process the payment.

That is all you need to go through to get the needed crypto. However, the system will ask you to complete KYC (Know Your Customer) if you are a new user. It is a process of identity verification that is completely automatized on Utorg. You will only be asked to upload a valid copy of your ID (your passport or driving license) and complete the liveness check (make a few turns of your head in front of your web camera/selfie camera).

Thanks to AI-based technology, KYC verification takes no more than 3 minutes. After completing this verification on Utorg, you will not be asked to do it again.

So, the purchasing process on Utorg with PIX is easy and a matter of a moment - three easy steps, and the needed cryptocurrency is in your crypto wallet.

On-ramp solution to scale crypto businesses

More and more people around the globe have become involved in the crypto world. Thus, for every crypto business, it is crucially important to provide these people with an opportunity to purchase cryptocurrencies quickly and seamlessly. And an on-ramp is one of the most effective solutions.

At Utorg, we are ready to provide you with our turnkey on-ramp solution to enable your users to buy crypto easily and in the twinkling of an eye. Furthermore, our solution is fully compliant with global regulations and has an in-built KYC module. These aspects mean that you will not be worried about legal issues, and your users can complete KYC verification within 3 minutes to buy crypto even quicker.

Just one simple integration gives you and your business:

  • 175 countries coverage;
  • 10+ payment methods;
  • 26+ local fiat currencies;
  • AI-powered KYC within 3 minutes;
  • 24/7 live chat user support;
  • Passive income from transaction fees.

Ready to scale your business globally? Apply for a no-cost setup now.