Expresscoin Expands Bitcoin Trading to Canada
Digital currency retailer Expresscoin has expanded into the Canadian market. This marks the first expansion for the company outside of the United States.
Expresscoin, which allows consumers to buy and sell Bitcoin and other altcoins, is one of the only companies to offer consumers a chance to buy digital currencies with debit cards. Customers can import their wallet addresses from other services directly to their Expresscoin accounts. The Android app allows users to manage their cryptocurrency accounts.
“This is our first step into another market other than the United States. We thought that if we can get our process and make headway in the US market, then other countries should be a lot easier. [The move into Canada] is part of our overall mission to make bitcoin (and other digital currencies) accessible to the mass consumer audience,” said Joseph Hsieh, Expresscoin’s CMO and co-founder, in an interview with CoinDesk.
During the past few months, there has been a signficant demand in Canada for digital currencies, such as bitcoins, litecoins, dogecoins and blackcoins. The company also looked into other countries for their expansion but decided on Canada since it posed a minimal language barrier.
“It’s interesting, because bitcoin may seem big to those of us in the industry, [but] it’s still very small and early,” said Hsieh.