Spain: Eurocoinpay App allows payments with cryptocurrencies in Zara, Repsol, El Corte Inglés and more.
The Spanish startup also has a visa card that facilitates payment with cryptocurrencies in any store such as clothing boutiques, hairdressers, supermarkets, etc.
Eurocoinpay is a Spanish platform to make payments and collections in crypto coins. Currently, has created a mobile application that allows fast purchases in various shops and its available for iOS and Android. The application facilitates users to pay with the cryptocurrency of their choice in a variety of establishments, including Zara, Carrefour, Repsol and El Corte Inglés. It also makes easy to send and receive micropayments in real time and with the cryptocurrency of choice anywhere in the world.
The app has a system that searches and locates the shops where Eurocoinpay is accepted. In addition, it permits the exchange of crypto coins or Fiat for the native token, EurocoinToken, to make purchases in shops and stores that also use the platform. There are no commission costs for payment via the app.
Meanwhile, our users can trade outside the platform using the EurocoinToken (ECTE. They can trade at the international exchanges such as Latoken, Bitker, Exrates and P2PB2B.
Native tokens, Visa, giftcards and more
Eurocoinpay was born last year and claims to be the first company in the Spanish market that allows you to pay with any cryptocurrency in establishments of habitual use. It has different services in addition to the mobile platform such as an exchange, a visa card and a native token. The platform supports more than 20 cryptocurrencies including Bitcoin, Litecoin, Monero, IOTA, Dash, Ethereum, Cardano, NEM and others.
Among its services, Eurocoinpay also provides the possibility of exchanging cryptocoins for Gif Cards at several spanish commerce. For its part, the Eurocoin Visa allows users to deposit cryptocoins on their card and, at the time of payment in any shop, the platform makes the change to Fiat money.
In a recent interview with El Economista, Herminio Fernández, CEO and Founder of Eurocoinpay, highlighted the three main benefits that he believes the platform has: speed, economy and security.
Speed, since the payment with crypto coins does not require more than 6/8 seconds through EurocoinPay. Economy, for online merchants who work with products and sales services with very low commissions, to charge with crypto coins means doubling their profits. This is because sometimes the fees are only a few cents in some cases. As for physical businesses, the commissions of the PoS are very low.
“Thirdly, the security: two thirds of payments are made by credit cards in most parts of the world. This technology is more than 60 years old and has never been designed for the Internet, every transaction requires the provision of personal information such as name and address. The card databases are regularly hacked, which enables us to debit our accounts with illegal transactions. This is not possible with our platform”
Currently, the team is developing the EurocoinCash token, with exact parity to the euro, which will be released later this year. The cryptocurrency is designed to support the investors and the traders as a reserve currency against market volatility.
Media: diariobitcoin.com
