Starting in March 2017, UK bitcoin service provider SpectroCoin began to extend support to over 41 different cryptocurrencies. Users now have the option of a range of altcoins to fund their SpectroCoin Wallet and bitcoin debit cards. They can also use these supported altcoins to top up their mobile phones, buy gift vouchers or withdraw money using a variety of available methods. The 41 supported cryptocurrencies on SpectroCoin includes the existing bitcoin and DASH options, along with the likes of ethereum, monero, LiteCoin, zCash, augur, and others.
SpectroCoin has made this decision in order to advance its vision of becoming a service provider for a spectrum of alternative cryptocurrencies used for payments. The team behind SpectroCoin is has been working on this for the past three years. The company started offering bitcoin debit cards to make it easier for people to spend cryptocurrency for their daily needs. These cards act as an alternative to standard fiat debit cards and can be used at any ATM or Point of Sale terminals accepting Visa or MasterCard cards across the world. The prepaid debit card option starts at as less than US$ 0.5 with no loading fee.
The bitcoin debit card is currently available in over 120 countries globally. The platform gradually started extending its services to include other cryptocurrencies, starting with DASH. The inclusion of DASH Wallet allowed users to send, receive payments and top-up the prepaid debit cards using DASH. SpectroCoin also offers DASH merchant solutions, allowing shops and businesses to accept DASH payments from customers and receive settlements in relevant fiat currencies (USD, EUR, GBP etc.) over SpectroCoin merchant API and shopping cart plugins.
The addition of new altcoins is a result of the positive response and significant traction gained by the platform’s DASH solutions. Users can now fund their SpectroCoin wallets with the supported altcoins and then use it to top-up the debit cards or exchange or withdraw it. SpectroCoin will extend full support to these altcoins including wallets and payment processing solutions, on par with those currently available for bitcoin and DASH.