Anycoin Direct Makes Bitcoin Available All Over Europe in Under 5 Minutes

Published at: Sept. 29, 2014

When Cointelegraph last heard from the team at Dutch Bitcoin service provider BitPlaats.nl in January, they had expanded their Bitcoin vending platform into Belgium.

“As we became a more known Bitcoin seller, we started getting request from other European countries,” co-founder Bram Ceelen told Cointelegraph.

This is why the founding team decided to think bigger offering Bitcoin buying and selling to the whole of Europe, or at least as many European customers as possible.

That led them to create Anycoin Direct, a cryptocurrency trading platform that integrates with many of the continent’s payment systems to allow customers from all over Europe to buy and sell a variety of cryptocoins.

“[Via] the integration of several direct payment methods (iDEAL, Bancontact, Giropay and MyBank) and SEPA bank transfer, the service of Anycoin Direct is accessible for almost everyone in Europe,” Ceelen said.

Dealing With Legacy Direct Payment Systems

“The main focus of Anycoin Direct lies on speed and ease of use,” another co-founder, Lennert Vlemmings, aid in a statement last week.

“As soon as we receive a successful payment, the coins will automatically be sent to the customer’s address. In case of a SEPA order, the coins will be sent once your transfer has reached our bank account. Using our services, people can buy and receive cryptocurrency within 5 minutes.”

That variety of direct payment methods within Europe has long been a hassle in many industries. Cryptocoins by design render those systems moot, but buying into a cryptocoin network might not be so easy unless you have someone locally who will sell you coins for fiat cash.

Anycoin Direct works with Bitstamp and Cryptsy to facilitate the trades, and Ceelen said the company plans to announce further partnerships to offer a better price. He also said Anycoin Direct is working with a Dutch payments provider to integrate all of those direct payment systems.

“Anycoin Direct never controls money of customers (no fiat and no cryptocurrency), unlike most other services,” Ceelen said. “When a customer buys cryptocurrency through a direct payment method, the coins will automatically be sent to the customer’s wallet as soon as they finish the payment. Because of that, Anycoin Direct makes it possible to buy cryptocurrency within minutes, a process which can take hours/days with other services.”

At the moment, Anycoin Direct is charging a 0.3% fee in addition to whatever fee the payment processor charges when a user buys in, and a 1% fee whenever a user sells (there is no payment processor fee for a sale).

Did you enjoy this article? You may also be interested in reading these ones:

Vender Drops Alt Coin Support Due To Negative Community Reaction Op-Ed: On the Current Decline of Altcoins

 

 

Tags
Related Posts
Uphold to launch crypto cards in Europe with new acquisition
Uphold, an American digital wallet and trading platform, has acquired European card issuer Optimus Cards UK Limited to launch a cryptocurrency-enabled card on the continent. According to a Feb. 2 announcement, Uphold is planning to roll out its crypto-powered debit card in Europe starting in April 2021. Uphold CEO JP Thieriot said that the launch in Europe follows a successful roll out in the United States: “From April, we plan to start rolling out the world's first, multi-asset, crypto-enabled debit card on the Optimus platform in Europe. The card has already proved a hit with our U.S. customers offering a …
Bitcoin / Feb. 3, 2021
City of Zermatt Switzerland Now Accepts Tax Payments in Bitcoin
The municipality of Zermatt, Switzerland — home to the iconic Matterhorn — is now the second location in Switzerland where taxpayers are officially allowed to pay their taxes in Bitcoin (BTC). In order to unlock the new tax payment option, the authorities of the Zermatt have partnered with Switzerland’s major crypto financial services company Bitcoin Suisse. Bitcoin Suisse to convert Bitcoin into Swiss francs According to an announcement by Bitcoin Suisse, Zermatt started accepting Bitcoin as a means of payment for local taxes and transactions on Jan. 28, 2020. By partnering with Bitcoin Suisse, the authorities of Zermatt are now …
Bitcoin / Jan. 29, 2020
French fintech startup Lydia raises $100 million in series C funding round
French crypto-friendly fintech startup Lydia has raised $100 million in a series C funding round, as per a report in TechCrunch. The latest capital raise reportedly helped Lydia attain unicorn status with a valuation of over $1 billion. The $100 million fundraise comes nearly a year after its series B funding round of $86 million in December 2020. The round was led by existing investors Tencent and Accel and also saw participation from Dragoneer and Echo Street. The fintech startup aims to use the fresh capital to expand its footprint in Europe. The firm hopes to onboard 10 million European …
Adoption / Dec. 8, 2021
New crypto card by Nexo allows users to pay without selling Bitcoin
Major cryptocurrency loan company Nexo has officially launched a crypto-backed Mastercard card enabling users to pay for services with cryptocurrencies like Bitcoin (BTC) without selling their crypto. Nexo has partnered with Mastercard and the peer-to-peer payment startup DiPocket to launch the Nexo Card, a crypto card allowing cardholders to use their crypto as collateral rather than selling it, the firm announced to Cointelegraph on Wednesday. The card is linked to a Nexo-provided, crypto-backed credit line allowing to use of multiple assets as collateral, including but not limited to Bitcoin, Ether (ETH) and the Tether (USDT) stablecoin. "The Nexo Card functions …
Bitcoin / April 13, 2022
ECB lays out ‘anonymous’ digital euro as public opposes ‘slavecoins’
The European Central Bank (ECB) continues pushing its central bank digital currency (CBDC) project despite Europeans apparently not feeling too positive about a digital euro. The ECB released another working paper on the digital euro, providing an extensive technical analysis of a potential European CBDC and its position in the existing financial system. Issued on May 13, the working paper aims to study issues like financial intermediation, payment choices and privacy in the digital economy, providing a large number of related algebra-based conclusions. The study suggests that a “CBDC with anonymity” is preferable to traditional digital payments like bank deposits …
Bitcoin / May 13, 2022