By adding SOFORT support, Safello now has direct banking access and instant payments in an impressive list of countries: Germany, France, Austria, Belgium, Poland, Spain, Hungary, the Netherlands, Sweden, Italy and Switzerland. These countries make up the bulk of Europe’s economic force, with the only large regional economy not part of the deal being the U.K.
In February, Safello received $600,000 in venture capital investment from Erik Voorhees, Roger Ver and Nicolas Cary. Aiming to become the “Coinbase for Europe,” Safello’s rapid rise may soon allow it to eclipse its well-funded U.S. rival.
With most countries in the SOFORT block still undecided on bitcoin policy, however, much remains to be seen about Safello’s long-term success. Tax rules, exchange regulation and other related bitcoin concerns are likely to become priorities in E.U. member countries later this year.