Trucoin has announced it will expand its bitcoin buying service to consumers in 32 US states over the next few weeks. The news follows three months of inactivity for the company, and what it called its successful eight-state beta test earlier this year. Customers in states served by the company will be able to purchase bitcoin using payment options such as MasterCard and Visa credit and debit cards.
Trucoin co-founder and president Chris Brunner echoed past remarks in a new interview, emphasizing that the Georgia-based company aims to offer what it believes is the most compliant bitcoin buying and wallet storage solution on the US market.
Brunner said: “One of the major advantages of dealing with a regulated company from a consumer standpoint is that regulators do a lot of auditing and there are a lot of controls in place that don’t exist. Mt Gox, that type of thing, could not happen in a situation where the regulated company is being audited.”
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In addition to anti-money laundering (AML) and Bank Security Act (BSA) compliance, Brunner also noted that the company’s wallets meet standards set by the Payment Card Industry (PCI) that cover the handling of consumer data. “We set out to make bitcoin seamless for the average user, in a legal and easy way, and we haven’t veered from that at all,” Brunner said. “It took us longer to launch because it was important for us to be a company the bitcoin community could depend on long term.”
Trucoin VP of marketing and communication Brent James went on to stress that the company aims to offer a competitive customer experience that extends beyond simply its compliance features. James noted Trucoin will have chat, email and phone support available to all users, and that customers who place orders will be notified via their desktop or mobile wallet as soon as their purchase is filled.
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The news of the company’s expansion also follows Trucoin’s July announcement that it had ended its previous partnership with both National Check and Currency (NCC) and Presto Financial – the companies that previously acted as Trucoin’s licensed money services partner in the US.
At the time, Brunner indicated that Trucoin would close its beta program in Florida, Massachusetts, Missouri, Montana, New Jersey, New Mexico, South Carolina and Texas, pending a new partnership.
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