Payza, a UK-based global online payment platform has announced a new feature called the Bitcoin SendMoney API, which makes it possible for merchants to send bitcoin payouts to people who don’t have a Payza account.
The new feature is similar to Payza’s existing SendMoney API, which allows users to send a payment without having to log in directly to their Payza account. It’s a useful tool for those who want to further automate their payout system.
Like Payza’s original SendMoney API, the new Bitcoin SendMoney API will allow merchants to send automated payments, but, unlike the original, Bitcoin SendMoney API lets users send bitcoins directly to a Bitcoin address. This gives merchants more freedom and flexibility when paying affiliates, by giving them another easy option to pay affiliates outside of Payza’s network of members.
With the new Bitcoin Sendmoney API, merchants just need to enter a Bitcoin address and an amount in the currency of their choice. If BTC is chosen as the currency, that amount of Bitcoin will be sent, and when a fiat currency code is entered, the Payza system will calculate the appropriate amount of bitcoin to send based on the real-time exchange rate.
Payza continues to improve its Bitcoin services, last month the company enabled support for a number of popular altcoins for Payza e-wallet funding.