Israeli Company to Allow Easy BTC to EUR Selling Via Edge Wallet
Selling Bitcoin can be a pain at times. This is especially true if you keep your crypto in cold storage or on a wallet that is not connected to an exchange. While this is the correct way to stay safe, it can complicate things at times.
Luckily, Israeli cryptocurrency firm Bits of Gold plans on changing that.
Coming to Europe?
As previously reported by Israeli financial paper, The Marker, it appears that Bits of Gold is expanding to Europe. They are collaborating with cryptocurrency wallet Edge to allow any client to exchange their Bitcoin for Euro easily. All that is required is that a client will have a bank account at a bank that supports a SEPA payment system.
"It may seem trivial, but there is a real difficulty in selling digital currencies in Europe and getting Euro directly to your bank account. Different banks do not always understand the industry and are afraid to touch it. In Bits of Gold we've developed infrastructures along with cutting edge tech and highly regulated." - CEO of Bits of Gold, Yuval Roash
It appears that Bits of Gold will try to expand partnerships further and expand far beyond its native Israel. It has been hinted that they are working hard to establish partnerships with trading platforms and other popular wallets.
Hopefully this move will bring Bitcoin and cryptocurrencies closer to mass adoption.
Written by Jonathan Ganor
Writer & cryptocurrency aficionado