SpectroCoin, a localized bitcoin exchange service, announced today that their service is bringing Bitcoin exchanges to cash to major countries in Europe and Central Asia, including a few outliers across the world.
Customers of SpectroCoin can now deposit and withdraw funds through localized bank transfers in Austria, Belarus, Belgium, Brazil, Bulgaria, Canada, Columbia, Costa Rica, Czech Republic, Denmark, Estonia, Germany , Georgia, Latvia, Lithuania, Netherlands, Nicaragua, Norway, Romania, Pana, Peru, Poland, Slovakia, Span, Sweden and the United Kingdom.
Residents in these countries can make cash deposits at a post office or electronic money transfer. They can also use international wire transfers or utilize the SEPA payment network to control their bitcoin banking.
SpectroCoin and Their Values
In a recent interview with CoinDesk, Mantas Mockevičius, SpectroCoin’s chief compliance officer, said the following:
“In some countries, they don’t need it much, but in Russia, Kazakhstan, Kyrgyzstan, Belarus, Armenia and lots and lots of countries, it’s a very useful service because there are lots of unbanked people there, and banking infrastructure is not so developed as, say, in Europe. So a person can get funds very easy. He can actually use bitcoin as a remittance.”
CoinDesk also reported that the SpectroCoin CEO Vytautas Karalevičius compared the company’s service to traditional remittance offerings, saying that his company’s core focus is to extending services to the underbanked.
SpectroCoin also offers a bitcoin digital wallet and exchange as well as merchant services. All users of the user’s accounts hold protection by two-factor authentication, a rising industry standard across the globe.
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Images from SpectroCoin and Shutterstock.