STOCKHOLM, Sweden, September 20th — BitGate this week announced plans for a release in Sweden at the launch event of established European crypto exchange Safello. The BitGate wallet app is integrating Safello for handling the purchasing of Bitcoin for Swedish users, using the local Swedish phone payment solution ‘Swish’.
“Releasing the BitGate application in Sweden with Safello and integrated Swish for payments provides our users with an unprecedented experience managing Bitcoin in an easy, fast and secure manner. This is an essential step towards mainstream adoption.” – Manuel Lains, CEO BitGate
“With Safello’s API product we want to help companies focus on their core business while we take care of the rest in terms of compliance, payments and cryptocurrency settlements. BitGate with its respected brand and large crypto audience is a perfect partner for us in this regard. We are very excited to see their wallet go live with our integrated buying functionality.” – Frank Schuil, CEO Safello
BitGate is already undergoing closed beta-testing in Norway, and is due for release later this year. It allows users to safely store, send and receive digital assets with their phone contacts. Using the main Norwegian identity solution Bank ID to log in, users do not have to remember complex passwords or keys to access their digital assets.
“Our goal is to allow regular people to easily buy digital assets through the BitGate wallet with convenient ID solutions. By integrating Safello with BitGate we can achieve this with strong compliance and an easy-to-use product for Swedish users.” – Matthew Bryce, CMO BitGate
The Safello integration is BitGate’s first move outside of Norway, which strengthens its position with a larger Scandinavian user-base ahead of this year’s launch and signals clear international ambitions.
BitGate is a mobile application for Digital Asset storage and payments tailored for the mainstream audience. BitGate is being developed by BitSpace, a blockchain innovation network and consultancy firm, positioned as a Scandinavian market leader.
Safello operates a Bitcoin exchange and related services in the European market. It partners with various payment providers such as Bankgirot. The company receives payments through SEPA, Bankgiro, Handelsbanken Direkt, International Bank Transfer, Swish, and many other payment methods. Founded in 2013, Safello is a government registered AB company based in Stockholm, Sweden, and it complies with anti-money laundering laws.