Blockchain will soon provide users of their highly popular wallet with the option to buy bitcoin. After eight months of development, the service launches in the UK on Monday for a short period of testing. The company plans to push it out across the entire Eurozone by December, and across the US and some parts of Latin America early next year.
Bitcoin can then be purchased with debit and credit cards, as well as bank transfers, although wallet funding through the latter method will only happen as fast as the banks themselves are able to settle.
“This announcement represents a giant step forward in making bitcoin, still a nascent currency, a more compelling and efficient financial solution for new users.”
– Peter Smith, Blockchain CEO
Blockchain is one of the industry’s best funded startups, having raised US$30.5 million early in 2014. The London-based company has about 25 employees, spread between their home office, New York, and Luxembourg.
The company’s wallet is nearing it’s 10 millionth user. Blockchain CEO Peter Smith told Business Insider that their busiest ever day was recently recorded. The day