SpectroCoin Takes on BitPay in Europe With Bitcoin Processing Solution
SpectroCoin has launched a new bitcoin merchant processing solution for the European market, adding yet another vertical to its suite of products. The UK and Lithuania-based company also offers a bitcoin wallet and a bitcoin brokerage, services CEO Vytautas Karalevičius believes will position SpectroCoin as an all-in-one solution comparable to Coinbase in the US. SpectroCoin bears other similarities to Coinbase too, as the company also aims to challenge Coinbase's main rival in the US merchant market, BitPay. Notably, BitPay has recently made the European market a focal point of its....
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London, November 18, 2014. UK Bitcoin service provider SpectroCoin.com this month launched a new feature on its platform to allow clients to withdraw cash in more than 25 countries around the Europe and Central Asia raging from France or Switzerland to Turkey by overcoming banks to provide an easier access to Bitcoin for unbanked people. In Europe and Central Asia where 193 million adults[1] are not using formal financial services, their financial exclusion might lead to a social exclusion. Provision of link for these people to a global payment network acts as a social mission to reduce....
Through an integration of the European payment network, WoraPay, users of the London-based Bitcoin mobile wallet SpectroCoin now can spend bitcoin at numerous Eastern European merchants. Paying merchants with bitcoin is done indirectly, however. Users' fund their WoraPay accounts with bitcoin sent from their SpectroCoin wallets, and then pay the merchant with euros through their phone. Though WoraPay has its own mobile wallet, the company also opened its payment network to third-party wallets. This gives other mobile wallets access to a growing number of merchants across Europe that accept....
SpectroCoin is now allowing its customers to convert bitcoin into cash in 25 countries across Europe and Central Asia. The announcement is the latest from the UK and Lithuania-based bitcoin services provider, which added merchant processing to its existing brokerage and wallet offerings in August. Speaking to CoinDesk, SpectroCoin CEO Vytautas Karalevičius compared his company's newest service to traditional remittance offerings, emphasizing that his company intends to make extending services to the underbanked in its region a core focus. Mantas Mockevičius, the company's chief compliance....
European Bitcoin exchange and payment processor SpectroCoin launched a debit card earlier this week that can be loaded with digital currency and spent at anywhere major debit and credit cards are accepted. A press release by London-headquartered SpectroCoin said the debit card can be issued to residents of 150 countries and is accepted at merchants around the globe. The startup, which also has offices in Latvia, Lithuania and Estonia, is focused on bolstering bitcoin adoption in Eastern Europe, a region largely overlooked by most digital currency companies. The debit card is SpectroCoin's....
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....