ZipZap’s Alan Safahi: Remittances are the best use case for BTC right now
Coin Telegraph: What is the status of ZipZap’s ability to process Bitcoin transactions with PayPoint? Alan Safahi: We are keeping communication lines open and making progress as more clarity comes out of government about Bitcoin in the UK. AS: We are relaunching in the UK with another cash payment provider with 20,000 locations in the next few weeks. CT: Are there plans to expand further into South America? How would you approach a market such as Argentina or Venezuela? CT: What were some of your takeaways from Bitcoin Conference 2014 in Amsterdam?
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Firstly, what’s ZipZap? ZipZap is a payment network through which people can buy bitcoins with cash and some other payment methods. Personally, any way to spread bitcoin to more people is great in every way, and more so when you give them easier ways to access bitcoin. From the website, it says that the team behind ZipZap expects digital currency to reduce poverty, create jobs, improve healthcare, and a couple more. I was able to arrange an interview with Alan Safahi, CEO at ZipZap, in which he answered a few short questions:
CoinDesk spoke to Alan Safahi, CEO of cash-to-bitcoins service ZipZap, about its big entry into the Latin American market, bitcoin as a 'leapfrog technology' in the world's more volatile economies, and whether the company's recent issues with payment processor PayPoint would have any impact in future. Alan Safahi has just come back from San Francisco's CoinSummit where he says he spent far too much time fending off questions about whether his company would continue operations, after recent media articles. "Rumors of our death were exaggerated," he laughs, paraphrasing Mark Twain. "I was....
Bitcoin could be the most efficient means of moving fiat around the world. International Remittances. Before we delve into the promise of Domestic remittances, we must understand the hype behind International remittances. International remittances have been growing every year, and many consider it to be a "killer app" for Bitcoin. One noticeable example of a startup rising up to face this challenge is Buttercoin. About Buttercoin, Bloomberg's Businessweek had this to say: The company is working with licensed money transmitters in several countries to establish software systems in which....
Tap Send, the creator of a remittances app of the same name, revealed it has raised $65 million in a Series B funding round. The fintech firm plans to use the funds to build a cheaper and faster cross-border money transfer platform. Remittances to Overlooked Countries The fintech startup behind the remittances app, Tap Send, recently said it has raised $65 million in a Series B funding round. According to the startup, the funds raised will be used to bolster remittances to the most overlooked countries in Africa and Asia. As stated in a Techcrunch report, Tap Send’s latest capital....
According to a new report, the depreciation of some currencies against the U.S. dollar is contributing to the declining international remittances. After touching an all-time high of $548 billion in 2019, the World Bank report now projects remittances to drop 7.2% in 2020 to $508 billion and a further decline of 7.5% to $470 billion in 2021. Volatile Currencies In its Migration and Development Brief 33, the World Bank details how the Covid-19 induced currency depreciation has affected the flow of global remittances. In the brief, the authors point to the exchange rate between the U.S.....