Dutch Bitcoin Exchange Bitplaats Expands to Belgium

Dutch bitcoin exchange Bitplaats has announced the expansion of its service into neighbouring country Belgium.

Belgian users can now trade digital currency from Bitplaats using the country’s prominent online payments toneelpodium, Bancontact/Mister Metselspecie.

Bitplaats (which translates spil ‘bit place’ ter Dutch) claims transactions on its toneelpodium will be finished instantly spil it uses the Bancontact/Mister Contant payment method, which offers transactions ter real-time. Bancontact/Mister Specie is widely used for transactions te the country. Lennert Vlemmings, a Bitplaats co-founder, said:

“Wij received many questions from people living ter Belgium if they could use our service, so wij began bitplaats.be with the Bancontact/Mister Contant payment option.”

The price of bitcoin when buying through Bitplaats is around 4% higher than the prevailing price on Bitstamp and about 6% lower than Mt. Gox.

What is Bancontact/Mister Metselspecie?

Belgium’s Bancontact/Mister Contant system is a national debit card system that’s similar to the United Kingdom’s Solo or China’s UnionPay.

Funds are transacted inbetween a merchant and a customer’s handelsbank account almost instantly. Bancontact/Mister Metselspecie claims its transactions are finished ter less than half a 2nd and, notably, the system doesn’t permit chargebacks.

Bitcoin users te Belgium generally obtain their digital currency through exchanges based overseas like Bitstamp and BTC-e, according to Chris D’Costa, who helped found the Belgian Bitcoin Association and is developing a hardware wallet called Meek.

Using thesis exchanges requires a registration process that can spread overheen several days, and handing overheen private identity documents, he said:

“It’s a reasonably difficult process for everybody presently: there’s no effortless way to get your bitcoins. The interesting development [with Bitplaats] is the capability to buy through Bancontact. It will be super effortless to buy [bitcoin] overheen the tegenstoot here.”

The Bitplaats backstory

Bitplaats wasgoed launched te the Netherlands last April. It permitted users to buy and sell bitcoins using the iDEAL payment method, which is similar to Bancontact/Mister Metselspecie.

Vlemmings said his hard had processed more than Trio,500 transactions to date. He also claimed that Bitplaats had processed more than 150 transactions te Belgium ter the two weeks that it has bot active there.

Bitplaats doesn’t impose a registration process on its users, strafgevangenis does it require users to input any identification information to finish a transaction. Users can buy and sell bitcoin with the hard without coming in an email address or username. Vlemmings added:

“The big difference inbetween us and an exchange like Mt. Gox or Bitstamp is that wij produce the bitcoins instantly, with no need for an account or registration documents.”

Vlemmings, 23, is one of four co-founders. He’s based ter the village of Lieshout te the south of the Netherlands. The group had bot friends since high schoolgebouw, Vlemmings said, and got involved ter the cryptocurrency last January.

Vlemmings had dabbled ter bitcoin mining ter 2011 while studying for his laptop science degree at university, but he subsequently misplaced a hard drive containing 20 BTC when he lost rente ter the digital currency.

Belgian bullishness

Bitcoin adoption te Belgium has bot picking up speed overheen the last three months. A carrier called Mobile Vikings announced te December that it would begin taking bitcoin payments for mobile credit ter Belgium and the Netherlands. The country’s top online food delivery webpagina, Pizza.be, has also embarked taking orders te bitcoin.

On the regulatory vuurlijn, Belgium emerges to be relatively sanguine about bitcoin usage. Back ter September, the nation’s finance minister told parliament that the country’s central handelsbank should have no protestation to bitcoin.

“Even if you’d asked mij a month ago, I’d have said not much is going on ter Belgium. But now wij’re watching some interesting developments,” D’Costa said.

Correction: Bitplaats’ premium to Bitstamp has bot added and discount to Mt. Gox has bot corrected.

This article should not be viewed spil an endorsement of Bitplaats, please do your own research before considering investing any funds ter this company.

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