Small Business Q&A: Peter and James Nagle from Bitcove

In this week’s Q&A, Kehlan Kirwin talks with Peter and James Nagle from Bitcove. Bitcove is aiming to make it easy and quicker for people to transfer money using bitcoin.

Tell us about Bitcove?

Bitcove is Ireland’s first Bitcoin exchange. It allows users to convert euros into Bitcoin or vice versa. So previously people who were interested in Bitcoin or who used the service had to wait three to five days for a money transfer. With our service that wait is taken out and the transfer now becomes instantaneous. We engage with the local banking system here in Ireland to allow instant transfers to users of Bitcoin. We avoid technical jargon for customers. Our website allows people to fully understand the service and how it works.