Right after adding more altcoins to its offering, Expresscoin is expanding to Canada. They appropriately saved the public announcement for July 1, Canada Day.
They have partnered with DebitWay to help Canadian customers purchase digital currencies via direct debit from their bank accounts. DebitWay connects merchants to Interac Online Payment Services to facilitate direct debit and adds original features like “advanced reporting, state of the art fraud scrubbing tools, a free shopping cart, and 24/7 live service.”
Expresscoin currently supports Bitcoin, Litecoin, Dogecoin, Darkcoin and Blackcoin. They plan on adding more coins in the future based on voting. They are also aiming to expand to other countries.
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The company hopes that by combining the popular direct debit payment option with their focus on customer service, Canadians will feel quite comfortable purchasing digital currencies online. Expresscoin CEO and co-founder Will Wheeler said:
“With DebitWay, expresscoin is dedicated to providing fast and secure transactions for our customers. We felt it only made sense to offer our safe digital currency retail service through Canada’s most trusted fiat exchange service so Canadian customers can participate in the digital currency economy and experience the same trust and security they have in their fiat exchange service with Expresscoin.”
The company also states that “Expresscoin has also taken the latest Canadian regulations for Bitcoin into consideration and registered Expresscoin and Canadian subsidiaries with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC).” DC Magnates has not yet been able to independently verify this with FINTRAC.
Expresscoin reports close to 20,000 “active paying customers” and to have transacted $15 million in their first year.