Bitx Takes It’s Bitcoin Services to Indonesia
Indonesia is one of Asia’s economic powerhouses and has the fourth largest population in the world. The country’s consistent growth over the years, coupled with its larger number of citizens, has made it an emerging market many have their eyes on — including Singapore-based bitcoin exchange, Bitx. But like many emerging markets, the country has an inadequate banking system and a large unbanked population. Although the average Indonesian is getting wealthier, financial services have not kept pace. Like many other places around the world, digital currency startups think Bitcoin’s payment....
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Emerging market-focused bitcoin firm BitX has opened an office in Jakarta, Indonesia, bringing its services to a population of 252 million people in one of the world's fastest-growing economies. In keeping with its other branches in places like Kenya and Malaysia, BitX Indonesia will recruit local staff to provide user support in a language and style familiar to the region's customers. BitX's service in Indonesia will center around a market-price buy-sell exchange, which CEO Marcus Swanepoel framed as being the most suitable service for the market. BitX expects most customers to access the....
There are two things happening right now; the first one is the booming bitcoin market in Asia. A recent bitcoin exchange (known as Palarin) made its way to the Philippines not too long ago with the goal of offering migrant workers a way to send remittances home to their families. The second thing is BitX, a bitcoin enterprise that is focusing primarily on emerging markets. BitX has recently opened an office in Jakarta, the capital of Indonesia, thus bringing its services to a population consisting of approximately 252 million people. Adam Draper, son of venture capitalist Tim Draper feels....
BitX has launched services in Nigeria, a move that will enable local users to access the company's bitcoin wallet, exchange and API services. The announcement comes roughly six months after the emerging markets-focused bitcoin services provider launched in Indonesia. Both countries had been on BitX's list of planned markets since April 2014. BitX CEO Marcus Swanepoel expressed his optimism that Nigeria would soon become one of the company's leading markets due to its "fast-growing" and "highly entrepreneurial economy". Swanepoel said: "We've been inundated with requests for bitcoin....
According to RealMoneyAsia, Singapore-based Bitcoin exchange BitX has partnered with payments gateway CodaPayments to offer Bitcoin payments across Southeast Asia. BitX had recently collaborated with the local payments gateway company in order to serve the unbanked and the underserved population of Southeast Asia. The Bitcoin exchange will provide instant currency conversion services at PoS to mitigate the Bitcoin volatility risks for merchants. Coda Payments which caters to markets such as Indonesia, Malaysia, Philippines, Thailand, Vietnam and Singapore, boasts of customers in excess of....
Bitcoin exchange and wallet provider BitX has extended its Series A round to include undisclosed funding from Southeast Asia-focused VC firm Venturra Capital. According to BitX, the funding will be invested in recruitment and product development, as well as expanding the service beyond its current target consumers in markets including Indonesia, Malaysia, Nigeria and South Africa. BitX declined to release the size of the funding, but stated that the capital was secondary to bringing Venturra Capital on as an investor. "With our lean structure and very low cost base, the funds we have....