BitX Targets Developing Countries With Global Expansion Plan
Exchange and wallet service BitX is about to go global with a grand plan to serve the world's emerging economies with one recognizable brand, based on solid financial industry foundations. BitX will do all this while retaining a local staffing and customer service identity in each of the 12-plus countries it serves, according to Marcus Swanepoel, the co-founder and CEO of parent company Switchless. Switchless acquired the South African bitcoin exchange in October 2013 with the intent of transforming the exchange into something much larger and more international. Big sell. BitX's primary....
Related News
Singaporean Bitcoin Exchange BitX recently expanded its operations to Nigeria, a step that will enable its natives to sell, purchase and store the digital currency. The announcement comes in the wake of growing requests from its potential consumers base in Nigeria, the company informed via its blogpost. It also hinted to be working towards the launch of some new services in the African territory, but shied away from revealing anything further. BitX CEO Marcus Swanepoel further interacted with media to elaborate their intents in the Africa's largest economy, and said: "We've been inundated....
Emerging market-focused bitcoin services firm BitX has completed a SGD$1m ($824,000) seed funding round. Investors include London-based Ariadne Capital, Barry Silbert's New York-based Bitcoin Opportunity Corp (BOC) and Palo Alto-based financial innovation investor, Carol Realini. BitX CEO Marcus Swanepoel told CoinDesk the funding would help the Singapore-based firm accelerate its business, furthering international expansion of its wallet and exchange services, assist with merchant acquisition and help the company develop some new products it has in the pipeline. Silbert praised the BitX....
BitX has been building a global cryptocurrency platform that provides Bitcoin products and services — like wallets, exchanges, merchant integration, and APIs — to consumers, businesses, and developers, particularly in emerging markets. The company’s latest decision to launch operations in Nigeria marks another venture into an emerging market. Headquartered in Singapore, BitX’s decision to launch its services in Nigeria is aimed at exploiting Bitcoin’s potential in Africa’s biggest economy. BitX has been focusing on the African continent since its inception; for that purpose, the company....
A United Nations trade body has recommended a set of policy actions to “curb the expansion of cryptocurrencies in developing countries.” The intergovernmental group stressed that if cryptocurrencies become a widespread means of payment, it could jeopardize the monetary sovereignty of countries.
UN Trade Body’s Crypto Policy Recommendations
The United Nations Conference on Trade and Development (UNCTAD) urged authorities in developing countries worldwide to take action to prevent the widespread use of cryptocurrencies last week.
UNCTAD is a....
BitX, a Singapore-based, global cryptocurrency platform, has raised an undisclosed sum of funding from Venturra Capital, a Jakarta-based venture fund. Venturra joins an investor group that includes Barry Silbert's Digital Currency Group and The Naspers Group, a South Africa-based global platform operator and investor. BitX raised $4 million USD in July in its series A round, according to techinasia.com. Naspers Group and the Digital Currency Group led the round. Bitcoin Wallet And Payment Solutions. BitX provides mobile wallets, institutional quality exchanges and APIs for business....