Paris-based Bitit launches to let you buy Bitcoins from 100,000 physical stores around the world
Despite questions about Bitcoin’s future, a new Paris-based startup called Bitit has created a service designed to make it easier than ever for average people to acquire the virtual currency. Nicolas Katan, cofounder and CEO of Bitit, says the company’s goal is to solve two of Bitcoin’s biggest issues: accessibility and fraud. “We have a vision to democratize Bitcoin for all,” he said. “Bitcoin is a really great technology. But the problem for now is that it is complicated and difficult for people to access.”
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Despite questions about Bitcoin’s future, a new Paris-based startup called Bitit has created a service designed to make it easier than ever for average people to acquire the virtual currency. Nicolas Katan, cofounder and CEO of Bitit, says the company’s goal is to solve two of Bitcoin’s biggest issues: accessibility and fraud. “We have a vision to democratize Bitcoin for all,” he said. “Bitcoin is a really great technology. But the problem for now is that it is complicated and difficult for people to access.”
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The article says exchange services can charge people who want to buy and sell bitcoins as much as 20%.
That is a ridiculous amount of fees to pay. No wonder new companies are trying to cut this to more reasonable levels.
