Austrian Startup Coinimal Becomes Bitcoin Merchant Add Neteller

Guest Author | April 20, 2015 | 5:30 pm

Austrian Startup Coinimal Becomes Bitcoin Merchant Add Neteller

Guest Author | April 20, 2015 | 5:30 pm

Launched in December 2014, Austrian start-up Bitcoin marketplace Coinimal has become the first Bitcoin business to add Neteller as a payment option.

The deal which finally closed after months of negotiation will enable customers to buy Bitcoin and other cryptocurrencies with the support of the world’s largest independent money transfer business.

Coinimal’s CEO Paul Klanschek said, “In my opinion NETELLER decided to do this pilot project with us because they feel that we are the most sophisticated, serious Bitcoin gateway in the world, and our compliance is stellar. We are extremely proud to be the first crypto merchant in the world to accept NETELLER officially.

Coinimal’s users can now benefit from the several payment options that Neteller provides, including credit cards, bank transfers and prepaid cards, and Bitcoin payments to fund cash accounts via the fully-automated platform of the recently launched exchange.

The move comes just less than a month after the global payment solution provider Neteller incorporated Bitcoin to its services.

Coinimal was founded by Eric Demuth, Christian Trummer, and Paul Klanschek in order to address the difficulties faced while buying Bitcoins in Europe. In a matter of months, the company has grown massively and is now well positioned to expand in the fast-growing European market and has hinted at “new features and partnerships” over the next few weeks.

In order to promote usage of Bitcoin, the company has also come out with a unique proposal: Customers can presently buy €25 worth of Bitcoin without a full verification of their account. The move is expected to attract potential customers to try out the platform.

Coinimal is now Europe’s leading cryptocurrency exchange station where users can buy and sell crypto coins including Bitcoin, NXT and Litecoin. It will also be quite interesting to see whether the pilot project can turn into something much bigger or not, but we do hope that is does!

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