London gets Europe's first dedicated Bitcoin store "Azteco"

LONDON - Feb. 14, 2014 - PRLog -- In a quiet corner of London's trendy Shoreditch, Europe's first bricks and mortar Bitcoin store "Azteco" has opened for business.

Azteco aims to bring Bitcoin to the masses in a very simple to use form that removes the need to operate any complicated software.

"Our aim is to simplify Bitcoin so that it can be used by anyone, without having to understand how it works" says Akin Fernandez, entrepreneur behind Azteco. "Bitcoin is hard to understand, but it doesn't have to be. We have boiled it down to its essence so that it is simple, easy to use and works very quickly."

Azteco makes Bitcoin easy by issuing familiar “Pay as You Go” top up vouchers for Bitcoins that are redeemed at the Azteco website. The Bitcoins bought at an Azteco vendor can be redeemed to any Bitcoin address anywhere, within 70 seconds.

This makes Azteco perfect for one off Bitcoin purchases of online goods, or sending a very small amount of money anywhere in the world for charity, without the need to understand or download anything. Due to the vanishingly small fees for sending Bitcoin, all the charity reaches the recipient. Bitcoin is going to change the world of international charitable donations forever.

"With Bitcoin, it is now possible to send a fraction of a Euro or Pound anywhere in the world instantly, to anyone directly, without a bank and with near zero fees. Of course, you are not actually sending money with Bitcoin. What you are sending is an entry on the Blockchain global ledger, that has a value because it is scarce. Its like a seat on a train. This is entirely different to actual money, even though superficially it acts like it." Says Fernandez.

"Bitcoin, which is only one of many possible functions of the Blockchain, is going to change e- commerce forever. With Bitcoin, everyone in the third world will have access to buying goods on the internet with a fraud proof method of payment. This means that every website in the world that sells goods will eventually be accessible to some of the 2.2 billion unbanked people in the world. Making Bitcoin accessible and easy to use is key to making this transformation happen."