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Norway’s largest bank offers hassle free Bitcoin transactions

If you know anything about banks in Norway, you’ll already know that DNB ASA is one of the major-league players.

DNB bank has just recently released an app that enables users to buy and sell Bitcoins with a few touches of the button, cutting out such procedures as uploading of documents and verification usually associated with buying and selling the crypto-currency.

The app is called Vipps, and it operates basically like PayPal does. All that’s needed is the username, mobile number or e-mail address of the person you want to pay, and of course the Vipps app itself. Bitcoins Norway, one of the top Bitcoin exchanges in the country, has recently made use of the Vipps app by enabling users to buy and sell Bitcoins, in the same way, using everyday credit and debit cards.

The process is easy and hassle free – you just have to send Norwegian Krone (whatever amount you wish) to Bitcoins Norway through the Vipps app. Bitcoins Norway will clear this payment and then send the equivalent amount of Bitcoins to the person you want to pay.


vipps   Bitcoin exchanges are around the world

It’s possible to buy Bitcoin over the counter in many countries around the world. Countries like the Philippines and Mexico, which have large numbers of people working abroad and sending home their earnings and many of these remittances are made in Bitcoins.

Yet Bitcoins Norway simplifies the process and you do need to visit a bank to conduct digital currency transactions. All the buying and selling can now be done through the Vipps app, making the whole process that much more efficient and easy.

The popularity of Vipps is huge and keeps growing

The Vipps app is being used by 27% of Norwegians already, while 85% of the population aware of its existence. This makes it one of the country’s most-used apps. Many of the users aren’t DNB banking customers, which means that the app is reaching outside of the bank’s own circle of customers and is enabling money transfers across the region.

Source: coinspot

  • December 14, 2016 4:24 PM MSK