United Kingdom based exchange CoinMate recently announced a partnership with payment provider MoneyPolo that will allow its users to purchase Bitcoin with either cash or CashU deposits in over 150 countries.
CoinMate is a very young exchange, having launched on the 15th of April this year. It offers 0.2% trading feeds and free deposits/withdrawals for its supported currencies (Euros, Czech Korunas and Polish Zloty).
“We have a long experience with financial management and IS/IT development. Security is a top priority for us,” said Roman Valihrach, CEO of Confirmo, the limited company that owns and operates the exchange. “Our sister platform BitcoinPay.com came second last year in the 2014 Starcube.cz Accelerator Program, and with that experience, we set out to make a truly user-friendly exchange for Bitcoin fans across Europe and beyond.”
The regulatory climate in the country that hosts the exchange is also another positive factor in their potential future development:
“There’s a reason we’re based in the UK as a cryptocurrency company. It’s here that regulation has been the most proactive. Not only that, transactions have been officially declared exempt from VAT (Value Added Tax). You can’t get much better than that.”
Prior to their association with MoneyPolo, their services were only available to European users within the SEPA region and offered direct bank account withdrawals and OKPay payments, now users may also withdraw money to their MoneyPolo accounts.
The exchange’s next move will be to integrate Sofort instant banks depositS this coming August, which would enable an additional payment method in 13 European countries.