JUN 5 DIGEST: SpectroCoin Launches BTC Debit Card for Eastern Europe, Xapo Execs Sued by Former Employer

European bitcoin exchange and payment processor SpectroCoin launched a debit card that can be loaded with digital currency and spent anywhere major debit and credit cards are accepted, Xapo faces more legal troubles and more top stories for June 5.

SpectroCoin Launches A Bitcoin Debit Card For Eastern Europe

European bitcoin exchange and payment processor SpectroCoin launched a debit card that can be loaded with digital currency and spent at anywhere major debit and credit cards are accepted. The startup, which has offices in Latvia, Lithuania and Estonia, is focused on bolstering bitcoin adoption in Eastern Europe.

SpectroCoin co-founder and CEO Vytautas Karalevičius said:

“For SpectroCoin users, it means broader spectrum of withdrawal options, as they are no longer dependent on their bank card and do not have to wait for wire transfer to be able to withdraw cash, which means quicker and cheaper link between bitcoin and cash for SpectroCoin users [...] It is a step towards being one-stop shop for bitcoin.”

Xapo Execs Sued by Former Employer for Contract Breach

Several Xapo executives including founder and CEO Wences Casares are being