Trucoin Adds Six More States to “Compliant” Bitcoin Platform, Plans AMEX and Discover Support
Bitcoin buying platform Trucoin.com has added six more US states and increased customer purchasing power to one thousand dollars a day.
Trucoin launched its instant purchase platform in twenty-six states in early November of 2014.
The company has addedd California, Pennsylvania, Missouri,
Utah, Nevada, and Delaware where users will be able to sign up and rapidly purchase bitcoin.
Chris Brunner, President of Trucoin, remarked:
One of our first goals we outlined early on to help increase adoption was to allow folks who are new to bitcoin to purchase and take receipt instantly. We have had excellent results from our fraud mitigation process to date, which has translated directly into the fastest way to buy more bitcoin online using a debit or credit card than anywhere else in an instant.
Brent James of Executive Vice President at Trucoin, noted
Our team has put a lot of work into getting as many folks automatically approved and buying as possible. Early tests with our new improvements indicate that we are doing that. Upwards of 90% of our new users who are inside our coverage area are able to sail through and buy in minutes.
We have more plans to make buying easier for everyone in Q1. We are looking at adding American Express and Discover Card support soon. Additionally, we will be providing more
options to fund and purchase even more bitcoin to compliment our debit and credit card service.
In 31 states it has added to its coverage, Trucoin indicates that it is committed to operating in a fully-compliant manner after carefully reviewing each state’s laws and compliance requirements.
Brunner added that their path to achieving compliance before operating in each jurisdiction takes longer but it is something that is important for users and for Trucoin’s model.