London, November 18, 2014. UK Bitcoin company SpectroCoin.com this month launched a new feature on its platform to permit clients to withdraw money in more than 25 countries around the Europe and Central Asia raving from France or Switzerland to Turkey by overcoming banks to provide a simpler access to Bitcoin for unbanked people.
In Europe and Central Asia where 193 million grownups  are not utilizing official monetary services, their financial exclusion may result in a social exclusion. Arrangement of link for these people to a global payment network acts as a social objective to reduce their monetary exemption in extremely effective and low cost method.
According to SpectroCoin.com co-founder and CEO Vytautas Karalevicius, formerly a finance student at University of Cambridge, this solution will certainly have an effect on both Bitcoin adoption and remittances industry in the area. First of all, this option will offer a link to Bitcoin network, which is the most available payment network in the world looking from IT perspective and among the most economically fractioned area in the world. With assistance of our partners network now our clients in 25 countries have the ability to exchange bitcoins to money by not leaving the town and in the most cases the district they reside in. That makes Bitcoin as a payment method more available and provides more trust and liquidity as the user now will be particular, that after receiving a transaction in Bitcoin he or she will certainly have the ability to quickly cash-out funds just around the corner. In mix to user friendly Bitcoin wallet cash withdrawal provides an effort for an individual to use bitcoins for everyday deals also.
On the other hand for remittances industry, it supplies an unique choice to make a cash transfer at a competitive price from almost everywhere in a world to individuals in Europe and Central Asia living anywhere from France to Turkey. From company’s perspective it is a test-field to see how Bitcoin could shape the remittances industry in addition to to understand the actual requirements of under banked people in the region.
SpectroCoin.com is a European Bitcoin company with a focus on highly fractioned markets and provides one of the widest options of alternatives to buy and offer Bitcoins in Europe as well as options for combination of Bitcoin to serve different company requirements for corporate customers.
 Regional groupings based upon UN Person Development Index
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