BitX Expands Bitcoin Buying Service to Indonesia
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....
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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....
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....
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....
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....
Southeast Asia's emerging economy Indonesia is seeing a boost in the use of Bitcoin, E27 reports. The tech resource platform collected comments from some of the world's most renowned Bitcoin entrepreneurs to demonstrate the claim further. The first statement to come out was from Tiyo Triyanto, the founder of one of the Indonesia's leading Bitcoin exchange Bitdoku. He claimed that the Bitcoin's usage has been increasing impressively from year to year, despite the fact that the digital currency is an illegal tender in Indonesia. "Daily bitcoin circulation numbers in Indonesia have only....