Moneytis Releases Remittance Service with a Bitcoin Backbone

Moneytis Releases Remittance Service with a Bitcoin Backbone

Moneytis, a new global remittance firm launch a new way to transfer money online, in Europe, China and Mexico.

Two years ago, Etienne Tatur and Christophe Lassuyt used to transfer money to each other between Europe and China, until they realized that a huge amount was lost in fees, even by using the well-known money transmitters. They tested together to transfer money by using the bitcoin market and discovered that this was going to become a game-changer in money transfers.

Moneytis’ blockchain technology enables worldwide transfers with less than 2% cost, compared to 8% on average with other solutions. This places Moneytis commitment in line with the World Bank Greenback 2.0 project. “Our financial analysis shows that with more users we could quickly reduce the cost to less than 0.8%, according to the world bank, this would result in 30 billion dollars saved for emerging countries which is more than 20% of World development aid” said Christophe Lassuyt, Moneytis CFO.”

Starting today, customers in China, Mexico and Europe can request an invitation on the website to be among the first customers. More than 100 transactions have already been done thanks to Beta users, for an average cost of 1.72%. “We are thrilled to release publicly our online solution and to see the feedbacks of our first users. Some of them already used the solution to send money to their family and to pay education fees” said Etienne Tatur, Moneytis CTO.

Users are welcome to visit the website for any currency exchange. We provide the ability to compare currency exchange alternatives, even when the currency is not supported by Moneytis yet. Indeed Moneytis allows transfer between 3 currencies and currently works with important actors on providing 5 more within the end of the year.

Moneytis: https://moneytis.com/


Related News

Moneytis Launches Open Beta of Global Bitcoin Remittance Service

A new consumer remittance startup is on the block, and it's bringing bitcoin to new corridors in Europe, China and Mexico. Freshly out of private beta, Moneytis has now opened its beta to the public. The service allows users to send international transfers from their bank accounts to the receiver's for a fee of two percent or less. The startup uses bitcoin to send the money to its destination, but users would never know because Moneytis keeps it all in the background. Users first create an account by filling in basic info and bank account credentials. Next, they select the amount and the....

River Financial Releases New Lightning Integration Currently Used By El Salvador

River’s Lightning service is the backbone for Chivo Wallet in El Salvador and removes the need for developers to have their own Lightning infrastructure.

New Bitcoin Remittance Service Launched in Vietnam

The leading bitcoin exchange in Vietnam recently launched a bitcoin remittance service in the country called cash2vn. This will enable users to send funds to their families and friends in Vietnam through the bitcoin network and the cash2vn platform for a fee of $2 per transaction. For now, the bitcoin remittance platform requires that the user have a bank account in Vietnam, although the team is already working on methods to cash out that can be inclusive of those who don't have a Vietnamese bank account. Bitcoin Remittance Trends. In other parts of Asia and in South America, bitcoin....

Bitcoin Firm Enables Remittance Withdrawals at 450 Philippine Bank ATMs

Philippine bitcoin exchange and remittance service Coins.ph has added an 'instant remittance' service to its list of options, allowing recipients to withdraw sent funds directly from a bank ATM. Using the company's mobile app, customers anywhere in the world can deposit cash via a bitcoin ATM and have a friend or relative collect it instantly from a bank machine. Money can also be sent directly from bitcoin balances in Coins.ph web wallets. To make this possible, Coins.ph has integrated with the eGiveCash service operated by the Philippines' Security Bank. Anyone receiving money via this....

A Major Korean Bank Will Soon Launch a Bitcoin Remittance Service

Shinhan Bank, one of the largest financial institutions in South Korea will begin a remittance service – backed by bitcoin – between Korea and China, starting next month. The Korea-China corridor will soon see the bitcoin remittance service made possible through Hong Kong as an intermediary, a country where digital currency transactions are legally allowed, according to Korean news outlet Pulse. Fundamentally, the remittance operation will see Shinhan Bank transfer value to a digital currency exchange in Hong Kong, which will then further the transaction by transferring the value, in....