Safello Expands its Operations to Norway and Denmark

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Safello Expands its Operations to Norway and Denmark

As Bitcoin is reaching to new places and people are showing their great interest in the digital currency, Safello too is trying to fulfill their requirements. Now the company is expanding to Norway and Denmark with local bank transfers to make buying and selling of Bitcoin more convenient in the Nordics.

In a press release the company says that it decided to reach to the customers in Norway as the local Bitcoin market was plagued by a lack of good options after its largest exchange lost their bank accounts and had to shut down its operation. Now it aims to fill this gap and help Norwegians safely enter the Bitcoin market.

The company has though decided to expand to Norway and Denmark; it says that as there are some ambiguities in regulations regarding opening a bank account in some European countries, it is facing a lot of hurdles. However, as it is regulated by the Swedish Financial Authority, it is helping customers throughout the European Union buy Bitcoin with SEPA payments.

In the announcement the company says that in its ambition to better serve the market Safello is adding local payment methods in selected countries. According to Frank Schuil, CEO & co-founder of Safello in this early stage of Bitcoin adoption the consumer entry point to the market is when they purchase their first Bitcoin.

Expanding to New Regions for Better Prospects

He further adds that it is there and then that Safello wants to provide a pleasant experience and according to him his company needs to meet the consumer where they are most comfortable transacting. Nonetheless, he believes that support for local payment methods that are familiar and convenient are a must.

Founded in July 2013 Safello has always been complying with the laws and Bitcoin regulations as it believes that users trust it when it promises them security. Its user friendly approach has since attracted thousands of customers throughout Europe with an easy way to get into Bitcoin. Currently, it supports 32 countries in Europe with direct payments.

It also provides other payments such as SEPA, Bankgiro, Swish and International Wire. Nonetheless, with tens of millions of SEK, Euro and GBP in and out of Bitcoin processed, Safello is leading the crypto currency revolution in Europe. The decision to expand to Norway and Denmark is towards accommodating the customers as well as cashing in the opportunity.

To contact the reporter of this story: Deepak Tiwari at deepak@forexminute.com