Bitcoin-to-cash service Bit2Me has cancelled its commission fees in a bid to remain competitive in the Spanish market.
"Our main priority is to offer the best possible service. We were the first to develop a technology that enables the widespread use of bitcoin. This [the widespread use] remains our mission and is what sets us apart from the rest of our competitors."
Immediacy and flexibility
The news comes amid further improvements including immediate withdrawals – previously users were having to wait an average of 10 minutes – and the increase of users' daily allowance from €100 to €300.
Consumers wanting to increase their allowance further will be subjected to further ID checks by the company, said Diez.
Diez also revealed that Bit2Me also has agreements in place to expand into Romania and Poland in "less than a month". He said:
Spain boasts an increasing migrant population from both Romania and Poland.
According to The Guardian, Eurostat data showed that there were approximately 85,862 Poles living in Spain in 2012, whilst Diez says that there are currently "over a million" Romanian immigrants in the country.
Bit2Me recently closed a round of seed funding, but Diez was unwilling to disclose the specifics.
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