San Francisco-based Coinbase is experiencing tremendous growth here in the United States. Their brand is almost household at this point amongst cryptocurrency enthusiasts, and building upon its success, it has decided to expand their reach.
The company — which specializes in allowing users to buy/sell bitcoin in addition to processing bitcoin payments — announced this week that they are expanding their services to 14 countries internationally.
The news comes from their official blog, in which they note they’re “looking to change” the inability of many individuals in Europe in easily acquiring bitcoin.
The services are now available in: Austria, Belgium, Cyprus, Finland, France, Greece, Italy, Malta, The Netherlands, Latvia, Portugal, Slovakia, and Spain.
The expansion is in beta, however. Coinbase notes that there will be a €500 daily limit on buying/selling to all customers.
[blockquote style=”2″]We think launching in these additional countries is a major step for the entire Bitcoin community, and will help continue bitcoin’s growth as a global payment network.[/blockquote]
According to Coinbase, two things are expected: the expansion will accelerate merchant adoption in Europe and will accelerate the use case of cross-border bitcoin payments.
As part of the expansion, the company has launched a Global page for international users.