Personal Business International Investor Relations About Customer Notice Login About Us / BSP Publications / Cryptocurrencies Cryptocurrencies The Bitcoin System allows transactions to occur directly from person to person without requiring a central party (such as a bank) to verify or record the transactions. This is unlike most conventional payment methods, such as electronic bank transfers, which rely on a central party such as a bank to keep and update records of transactions and maintain records of those transactions that include ultimate beneficiary of any payment. Given the anonymity provided by the Bitcoin System, and its worldwide reach, there are questions about how to limit the use of digital currencies for criminal activities. In addition, the current fascination with cryptocurrencies has potentially added to the speculative nature of these markets, and has raised concerns around consumer protection. Therefore, due to concerns regarding the ability of BSP to have access to data relating to crypto currency transactions, and the authenticity of those transactions, we wish to advise that our VISA cardholders will no longer be able to perform transactions using their BSP issued VISA card for cryptocurrency type transactions. Should you have any questions relating to the subject, please contact our Customer Call Centre on Telephone (675) 320 1212 / 7030 1212 or Email: servicebsp@bsp.com.pg About Us Welcome to BSP Company Overview Senior Management Board of Directors History Media Centre BSP Publications Pacific Economic & Market Insights Company Presentations BSP Welcome Portfolio BSP Corporate Storybook Cryptocurrencies Community Contributions Careers Long Serving Staff Rates, Fees and Charges Terms & Conditions Need help choosing an account? Speak with someone from BSP today Contact Us BSP Social Personal Banking Transaction Accounts Savings Accounts Term Deposits Home Loans Personal Loans Cards Ways to Bank BSP First BSP Agent Network BSP Priority Business Corporate SME Paramount International Payments Documentary Trade Foreign Exchange Foreign Currency Trade Refinance Exchange Rates Investor Relations Market Announcements and Financial Results Corporate Governance Investor Resources About Us History Media Centre Community Contributions Careers Rates, Fees and Charges Terms & Conditions Security Messages Privacy Terms and Conditions Sitemap © Copyright 2021 BSP Financial Group Limited