The international cryptocurrency exchange site 247Exchange announced today that they have integrated a new payment method, which will provide them with the possibility to accept and send payments to more than 400 banks.

The new payment method is Sofort Banking, which besides being a very popular choice within the gaming industry and of course with merchants across the world, is also gaining ground in the cryptocurrency industry. What makes Sofort Banking unique compared to regular bank transfers is that the transfers are done instantly, providing users with an experience similar to credit card, but with less hassle and smaller fees for the merchants.

10 countries is currently connected to Sofort Banking, Germany, Austria, Switzerland, The UK, Netherlands, Belgium, France, Italy, Spain and Poland. This provides more than 22,000 branches for customers in more than 400 different banks, with 99% of all banks in Germany and 95% in Austria.

Slovakia and Hungary is in the process of being integrated into 247Exchange, so that customers from there will also be able to purchase Bitcoins and other cryptocurrencies within minutes. Sofort Banking doesn’t require any registration and the transactions are completely secure through encryption, all that is needed is that the user has a bank that is listed in the bank list.