'Low-Cost' physical bitcoins launched by Denarium

Denarium, a Finland based bitcoin start-up, has launched a range of "low-cost" physical bitcoins in order to boost the digital currency's widespread acceptance.

The start-up seems to be following the footsteps of Casascius, which launched its physical bitcoin in 2011 and stopped the sale of bitcoin-loaded coins in 2013.

"Contrary to what some people may believe, Casascius did not stop producing coins because there was a lack of demand. [It] stopped mainly because there were regulation issues. The regulatory environment here in Finland is clear in regards to manufacturing and selling physical coins, so we are in a good starting place", Henry Brade, Denarium CEO, told CoinDesk.

He further added that the company hopes to simplify the process for everyone to get involved in the world of bitcoin.

"We want the coins in the hands of bitcoin enthusiasts all over the world so that they can use them as gifts to friends and family and while doing that they can explain what bitcoin is about," he said.