Bitcoin Exchange Bitt to Bring Digital Currencies to the Caribbean
Bitt, the Caribbean's first bitcoin exchange company, is looking to provide more efficient and cost-effective payment solutions to the region's locals. After a two-year development period, the company will officially launch its set of bitcoin solutions that includes a mobile digital wallet, international remittances services and e-commerce merchant solutions, on March 30. "We are riding a technology wave with finance that is cutting costs, making it faster, making it cheaper, making it possible for people outside of the banking systems to control their money using their mobile phones,"....
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Overstock announced a strategic investment in Bitt, a Caribbean-based fintech company whose goal is to persuade Caribbean island nations to adopt digital national currencies. The investment was announced at a media conference in Barbados hosted by Avatar Capital, which invested in Bitt, and attended by representatives from both Bitt and Overstock. Politicians and dignitaries from various Caribbean nations attended. “A major impediment to economic advancement around the world is the fact that the vast majority of humans are unbanked,” said Overstock CEO Patrick M. Byrne. “Yet mobile....
Caribbean digital currency exchange Bitt has launched today, having secured $1.5m seed funding from local VC group Avatar Capital. The exchange, based in Barbados, is powered by AlphaPoint, an exchange technology platform provider that also offers its solutions to Bitfinex and Cointrader. Also a remittance channel and merchant processing gateway, Bitt claims to have implemented
The company, which last week had announced a partnership with Bitcoin exchange BitStamp, revealed how it is planning to expand its services among the next-generation markets such as Bitcoin. Canadian online payment processor NetCents has indicated its entry into the Caribbean by partnering with Bitt Inc., a local digital currency exchange. The company, which last week had announced a partnership with Bitcoin exchange BitStamp, revealed how it is planning to expand its services among the next-generation markets such as Bitcoin. It had earlier raised investments from OverStock (NASDAQ:....
Bitt, the Caribbean's first bitcoin exchange company, is looking to tap the region’s potential for remittances and banking services by providing faster and cheaper payments using bitcoin. CoinTelegraph spoke to the CEO and co-founder of Bitt, Gabriel Abed, about Bitt’s plans, as well as the challenges and specificities associated with the Caribbean market. After a two-year development period, the company launched its BTC solution suite on March 30. It includes a mobile digital wallet, international remittances services and e-commerce merchant solutions. Bitt, which currently runs under....
The United States is just now getting its first Bitcoin exchanges via Bitcoin merchant leader Coinbase. The Winklevoss twins' will have their "fully-compliant" Gemini project up in New York later this year. Due to onerous state and federal regulations and costs for any financial services enterprise, the U. S. has been several steps behind the rest of the world when it comes to making a Bitcoin marketplace. Now, the tiny island nation of Trinidad and Tobago is about to quickly catch-up with the Western giant in the Bitcoin economic system. Bitt looks to be the Caribbean leader in Bitcoin....