European Bitcoin exchange and payment processor SpectroCoin launched a debit card earlier this week that can be loaded with digital currency and spent at anywhere major debit and credit cards are accepted.A press release by London-headquartered SpectroCoin said the debit card can be issued to residents of 150 countries and is accepted at merchants around the globe.The startup, which also has offices in Latvia, Lithuania and Estonia, is focused on bolstering bitcoin adoption in Eastern Europe, a region largely overlooked by most digital currency companies. The debit card is SpectroCoin’s latest effort to make spending bitcoin easy in the region, something the startup holds is crucial to the long-term success of the digital currency.“For SpectroCoin users, it means broader spectrum of withdrawal options, as they are no longer dependent on their bank card and do not have to wait for wire transfer to be able to withdraw cash, which means quicker and cheaper link between bitcoin and cash for SpectroCoin users,” SpectroCoin co-founder and CEO Vytautas Karalevičius told Bitcoin Magazine via email. “It is a step towards being one-stop shop for bitcoin.”
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