BitSpark Brings Bitcoin Remittances to Indonesia
Update — 1/24/2014: We have changed this article to fix a reporting mistake. Previously, we stated the Bitspark had partnered with bitcoin.co.id. The company has actually partnered with ArtaBit, an Indonesian Bitcoin payment processor. Bitspark, a Hong Kong based bitcoin exchange, has expanded its Bitcoin remittance service to the Southeast Asian country of Indonesia. Now, Indonesian workers in Hong Kong will be able to remit funds back to their loved ones in Hong Kong for a much cheaper rate than traditional remittance services. The Bitcoin exchange hopes to get a large market share of....
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Bitcoin exchange Bitspark is looking to expand the bitcoin remittance services it offers in Hong Kong to the island nation of Indonesia. Bitspark CEO George Harrap spoke enthusiastically about the move, saying: "We are excited to be able to bring our low cost service to Indonesia in partnership with PT Artabit... Indonesia is an exciting opportunity and a key focus for us... It's a very different market in terms of logistics and distribution than our existing Philippines services with many people using Post Offices as the primary cash pickup location, not third party remittance stores.......
Back in November, Hong Kong based Cryptocurrency Exchange Bitspark Limited unveiled the first ever end-to-end Bitcoin remittance solution: A much needed service that would allow Hong Kong's population to gain easy access to the advantages bitcoin offers when compared to conventional remittance services to transfer money to the Philippines. They're now extending their services from the Philippines to also serve Indonesia. The numbers behind the demand. According to the Hong Kong Government's website, more than 165,000 Indonesians and about 169,000 from the Philippines were residing in Hong....
Bitspark is targeting Hong Kong's sizeable population of Indonesian migrant workers with a new bitcoin-enabled remittance corridor. The announcement comes just a month after launching an identical service servicing the Philippines. The firm is pitching its low-cost way of sending money back home to more than 165,000 Indonesians residing in Hong Kong - 90% of whom are employed as foreign domestic helpers, according to the Census and Statistics Department. For the new service, Bitspark is sticking to the model it developed for Philippine remittances last month. This means a customer walks up....
Bitcoin is growing in popularity in Africa particularly in regions such as Kenya, Nigeria, and Ghana. This week the Hong Kong-based Bitspark has launched a remittance service to Nigeria at rates 14.4 percent better than competitors, by leveraging the speed and efficiency of the Bitcoin network. Bitspark Offers Cheaper Remittances by Leveraging the....
Bitspark becomes the latest Bitcoin company to integrate Clef's two-factor authentication to provide secure, "passwordless" logins for their users. Why Is This Important? Earlier this year, the Canadian Bitcoin exchange, Cavitrex, shut down temporarily due to security concerns. The exchange was hacked just weeks prior to the announcement, which caused users' passwords and two-factor authentication secrets to be compromised. Bitspark is a Hong Kong-based exchange and remittance company that has recently announced a new round of funding. They are the first company in the world to offer....