Exclusive Bitcoin Interview with the igot Co-Founder: Taking over Merchant and Rebittance Markets
igot launches Bitcoin merchant solution. The Australian Bitcoin exchange igot has announced the launch of the igot Merchant Solution, a service that allows both e-commerce providers and brick-and-mortar stores to accept bitcoins for goods and services. The igot Merchant Solution comes with a fixed transaction fee of half a percent. igot has continued to grow globally. The company that is present in close to 40 countries would seem to be emerging as a key player in the bitcoin merchant solutions area. Through the latest product offering, igot also signals intent to the major players BitPay,....
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Australian exchange Igot is aiming to rival bitcoin payment giants Coinbase and BitPay with the launch of its own international merchant solution. Igot's platform will enable e-commerce and brick-and-mortar merchants to integrate bitcoin payments in almost 40 countries and transact in 10 different fiat currencies. Rick Day, Igot's founder, said: "Accepting bitcoin through Igot has multiple advantages for merchants. Perhaps most importantly, bitcoin is a free marketing tool that is likely to increase overall revenue. This is a win-win situation for merchants and the bitcoin community." Igot....
The bitcoin payment processing space continues to get more crowded with the launch of merchant services by igot, a bitcoin exchange based in Australia. This new service will put the company head-to-head with some of the largest payment processors in the market. "Accepting bitcoin through igot has multiple advantages for merchants. Integration take just minutes, and it protects businesses from both credit-card chargebacks and price volatility," said Rick Day, co-founder of the company, in a statement. The company believes it has a competitive advantage because it can facilitate cross-border....
This article has been updated with additional comment from igot users. The founder of Australia-based bitcoin exchange igot has refuted claims his business is a scam. Igot recently came under fire, with many of its users complaining about delays to their withdrawals, branding the company "untrustworthy" and claiming they'd been robbed. Rick Day, igot's founder told CoinDesk the delays particularly affected fiat withdrawals, attributing them to a number of factors. "They [the issues] are as not as big as they appear from the outside ... one of the biggest issues that we have with delays is....
Bitcoin exchange platform igot, which is based in Australia but targets international markets, has secured funding from US serial entrepreneur and investor Jesse Chenard. Chenard has founded numerous startups in the Internet and media sphere including Tremor Video, and was formerly CEO of in-image advertising pioneers Image Space Media. Igot co-founder Rick Day told CoinDesk that Chenard's involvement will bring added value, not just in money but in experience: "Frankly, the field is so new and interesting that it is attracting great minds and giving us the chance to work with people we....
Rebit.ph co-founder Luis Buenaventure recently published a blog post on Medium claiming that Bitcoin does little to help cheapen remittances. While the math-based currency does lower the bar of entry for startups, and local technological innovation could further improve the competitive advantage of so-called "rebittance" companies, Buenaventure argued that most of the cost is currently made in "the first and last mile." While Bitcoin does a great job realizing cross-boarder transfers of money, the distribution of physical cash was the expensive part of remittances all along - a problem....