BitSpark Shuts Down Bitcoin Exchange, Focuses on Remittance Service
Just a few days ago, BitSpark announced that it is halting all bitcoin exchange operations. Instead, the company will be focusing all of their attention on the remittance market. Bitcoin can play an important role in the evolution of money remittance as we know it, and BitSpark feels it is the best direction for the company at this point. BitSpark Partners with BitGo And Closes Funding Round. At the beginning of April, BitSpark announced the closing of a successful round of funding. Several prominent Hong Kong-based investors had injected an undisclosed six-figure sum into the company,....
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Asian Bitcoin company BitSpark announced the temporary closure of its bitcoin exchange earlier this month so the company could focus on its pioneering bitcoin remittance service. The company also recently expanded into mainland China through a partnership with Chinese Bitcoin company Melotic. Melotic recently shut down its own crypto-currency exchange, citing a lack of demand for the service. A company blog post read, "Simply put, we did not experience enough growth in this product to justify the ongoing costs of development, maintenance, and support." According to BitSpark CEO George....
It makes sense for both companies to venture into the Malaysian market, as there are plenty of opportunities to explore. Malaysia seems to be warming up to the concept of Bitcoin and Fintech as of late. Thanks to a new partnership between Bitspark and Vitaxel Group, Bitcoin remittance will be coming to the Malaysian market very soon. Most people active in the world of Bitcoin and cryptocurrency will have heard the name Bitspark before. The company has been making a name for itself in the remittance sector by leveraging Bitcoin and blockchain technology. Moreover, they were the world’s....
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....
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.......
One key area where Bitcoin could make a splash is in the world of money remittances. As things stand right now, sending money overseas is a very costly business, with fee amounts running in double digits most of the time. Bitcoin is a borderless digital currency at low to 0 fees, making it a viable competitor. Bitspark, the world’s first end-to-end remittance service powered by Bitcoin, has recently partnered with Bitgo Inc. Bitspark’s Funding Round. Bitspark is not just a bitcoin-fueled remittance service they are also Asia’s leading crypto-financial services provider. As is the case with....