Digital banking service Worldcore has started accepting bitcoin via the bitcoin payment processor BitPay.

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The move makes Worldcore the first digital banking service to allow customers to use bitcoin to top up their accounts and prepaid debit cards with ATM withdrawal limits of EUR4,000 daily.

Worldcore said that its multinational customers can now gain access banking services without the requirement for credit cards, banking infrastructure, or currency exchanges.

Worldcore CEO Alex Nasonov said: "Our goal is to open up the global marketplace to businesses and consumers who aren’t served by legacy banking and are looking for cost-effective, innovative payment products. Bitcoin will allow us to reach more people with that mission."

A significant reason to choose the digital currency was its ability to reduce payment fraud and chargebacks, Worldcore said.

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BitPay EMEA general manager Marcel Roelants added: "Worldcore is leading the way in providing comprehensive banking services for the digital economy. We think bitcoin can become the preferred method for international top-up payments, and we are excited to see how Worldcore’s customers will respond to this new payment option."

Worldcore is owned and operated by EUPSProvider, a Czech Republic-licensed payment provider regulated by Czech National Bank. The company facilitates international banking, e-currencies, and country-to-country transfers to customers. Users are able to withdraw euros or US dollars to any bank accounts or Visa and MasterCard debit cards with minimal fees.