Bitcoin gets Eurozone boost, while Bank of England warns
A leading American Bitcoin transactions firm is expanding into the Eurozone
A leading American Bitcoin transactions firm is expanding into the Eurozone aiming to prove the virtual currency can be a mainstream, stable and viable alternative to cash
Coinbase, which is well established in the US, has reached agreements with a European bank for its users in 13 countries to make euro-denominated money transfers.
The countries are Austria, Belgium, Cyprus, France, Finland, Greece, Italy, Latvia, Malta, the Netherlands, Portugal, Slovakia and Spain. Germany is not included because Bitcoin is defined there as the kind of investment that needs a special licence.
One of Coinbase’s founders, Fred Ehrsam, said it has been talking to banks in Britain about accepting sterling payments.