Coinbase Expands to 5 More European Countries

Last month, Coinbase expanded internationally by adding 13 European countries and today they are adding 5 more countries to the Coinbase family: Ireland, Sweden, Denmark, Switzerland, Poland.

Users in these countries can now link their bank account via SEPA and easily buy and sell Bitcoin. For users in France, Italy, Spain, Belgium, Netherlands, and Finland, Coinbase raised the daily buy and sell limits from 500 EUR to 2000 EUR.

Before September, only users with United States bank accounts could exchange Bitcoins on Coinbase, though anyone in the world could set up a digital wallet to hold the virtual currency.

As Bitcoin becomes more accessible, Coinbase co-founder Fred Ehrsam said he hoped more merchants across the globe would begin to accept the virtual currency as a payment option, the New York Times reported after the announcement of the first expansion in September. Coinbase, which has teamed up with many of the big-name merchants in the United States to process Bitcoin payments, is also working on creating online payment pages for merchants in their local languages.

The Global page of the Coinbase website states that the service is now available in 19 countries, and advises the viewers to subscribe to an announcement list to be notified when the service will be available in their country.

Founded in June of 2012, San Francisco-based Coinbase is a Bitcoin wallet and platform where merchants and consumers can transact with the new digital currency Bitcoin. Coinbase has been noted for being one of the more user-friendly bitcoin exchanges. In December 2013, Coinbase received a US$25 million investment, from the venture capital firms Andreessen Horowitz, Union Square Ventures and Ribbit Capital. The company has received US$31 million in capital investments, nearly one-third of the total publicly disclosed investment in Bitcoin companies made as of February 2014.

Coinbase recently rolled out an update to their merchant tools, which are used by over 36,000 businesses to accept bitcoin payments. According to the company, the new payment pages are simpler to use, nicer to look at, and more customizable.

Images from Coinbase and Shutterstock.

Last modified (UTC): October 2, 2014 10:23 AM

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Giulio Prisco @giulioprisco

Science writer, software developer, Bitcoin/crypto enthusiast.

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