How HelloBit Plans to Become the Uber for Global Remittance
Remittance, the ability to send cross-border payments from one party to another, has emerged as a major use case for bitcoin, and a number of companies are already seeking to build global remittance platforms using the digital currency. One of the main reasons is that, according to the World Bank, remittances cost consumers an average of 8% worldwide. Yet, despite bitcoin's potential to lower costs in this financial sector, there hasn't been a blockbuster venture in this space yet. HelloBit is one bitcoin startup taking on a different strategy to achieve this goal. Instead of creating....
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SAN JOSE, Calif.[DEMO2014] November 21, 2014 - San Francisco based Hellobit today debuted a service distinctly aimed at disrupting the $500+ billion a year money transfer industry used to send money home to families in emerging markets. International remittance is dominated by companies such as Western Union and MoneyGram, and used heavily to send money to India, Mexico, The Philippines and many other countries. "After traveling the country and vetting hundreds of companies on our DEMO Tour, we are excited to bring Hellobit as one of the few selected companies launching new products....
Despite several reports claiming that Uber is already starting to accept bitcoin payments, the company firmly denied these updates. Uber clarified that it is not yet considering bitcoin payments integration even with its long-term plans. These rumors started swirling after BrainTree, a payments processor company, mentioned that it would allow its merchants to accept bitcoin should they choose to do so. Just recently, a Reddit user shared an interaction with an Uber help desk representative that was misinterpreted to mean that the company was considering bitcoin integration. Bitcoin....
Are you on the hunt for a Bitcoin job? Well, we have you covered as you search for your next big career move. Bitcoin startups are looking to fill jobs, and we're bringing you the opportunities. Check out this week's Bitcoin job listings and start applying. Also read: Who's Hiring? 10 New Bitcoin Job Openings. New Bitcoin Job Openings. 01. Senior Ruby Engineer. Company: Bolt. Location: San Francisco, California. Bitcoin payments startup, Bolt is looking for a Senior Ruby Engineer to play a lead role on their engineering team while building a Bitcoin application. 02. Business/Marketing....
OKLink, a Hong Kong-based global blockchain money network, is offering $100 million in free remittance trades to international remittance companies in order to promote remittance payments and accelerate the growth of new money transfer companies. Remittance payments — earnings which foreign workers send home to their families around the world — may be one of the best use cases for digital currencies. The remittance market is estimated at $500 billion. Jack C. Liu, Co-creator at OKCoin, one of the world’s largest bitcoin trading exchanges, and Chief Strategy Officer at its subsidiary,....
In a twist of events, transportation provider Uber, has now reversed their statement on Bitcoin integration and denied that they are working on it. While a customer service representative of Uber did tell Bruce that they were working on integrating Bitcoin, the company has since retracted the statement and denied that it was ever true in the first place. When asked about the legitimacy of Bitcoin integration with the service, Uber told Coindesk “This story isn’t true.” Uber’s email, from an agent named Eric, to Bruce reads as follows: