29 Aug '14, 9am

SpectroCoin Takes on BitPay in Europe With Bitcoin Processing Solution

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 strategy, adding 220volt , AirBaltic and Shipito to its books in the past few months. However, Karalevičius believes his company has a crucial edge given its slew of existing services, explaining: “We are more flexible in our solution, because we are more looking to accommodate the specific ne...

Full article: http://www.coindesk.com/spectrocoin-takes-bitpay-europe-b...

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