Bitwala, a crypto-to-SEPA service that allows fiat currency transfers towards settlements from users who pay in cryptocurrency, has been less than impressed by the public’s response to altcoins after embracing altcoins.
While it plans to continue to support altcoins, Bitwala is planning to focus more on bitcoin, according to a recent blog posted on its website.
The company has asked for input on whether people agree with this change in focus. The blog is titled, “Everybody is excited about altcoins, but nobody is using them.”
A Promising Partnership
In July, Bitwala announced a partnership with Shapeshift.io, making it possible for users to transfer altcoins and bitcoins globally. The Shapeshift.io integration supports more than 40 altcoins, including Ether, Litecoin, Dogecoin and Dash.
Bitwala noted that it offers the least expensive way to use altcoins for international transfers, providing an economical option for the unbanked who wish to send money across borders. Users can make SWIFT or SEPA transfers using altcoins, meaning customers can use them in more than 35 countries.
In addition, Bitwala supports EUR, GBP, DKK, CZK, HRK, PLN, SEK,