A start-up by the name Neo EasyCoin (located online at easyco.in) is hoping to make bitcoin and litecoin purchasable using nothing buy cash when it launches on December 31st, the last day of the year.
EasyCoin launches with initial support for customers in the United Kingdom, United States of America, Russia, Denmark, Sweden, and Norway — and the announcement post on Bitcointalk says there’s more to follow.
Users can create their EasyCoin account in “less than three minutes” and top-up (also known as funding) their account at ZipZap payment locations (you can look up payment locations here — scroll down). From there, users can but the cryptocurrency of their choice. EasyCoin says they will, however, require identification for the second top-up to comply with anti-money fraud legislation.
As far as fees are concerned, EasyCoin will charge 3.99% for each top-up in addition to a convenience fee for the store you’re using to top-up.
This start-up is considered to be a greta leap forward in making bitcoin accessible to individuals who may not have a bank account and prefer to use cash over bank wires/checks/money orders.