Igot Expands Exchange and Remittance Services to Kenya
Bitcoin exchange igot has expanded to Kenya following the acquisition of TagPesa, a local cryptocurrency exchange and remittance gateway, and integration with M-Pesa's mobile payments service. Igot's Kenyan customers can now use the exchange's services by depositing and withdrawing Kenyan shillings either from their local bank accounts or their M-Pesa accounts. The company, which is based in Australia, also provides remittance services to over 40 countries worldwide, including the EU, Middle East and Africa. The acquisition of TagPesa allows igot customers around the world to send funds....
Related News
Australia-based igot has announced the next phase of its bid to be the "fastest-growing bitcoin exchange in the world", opening for business in over 40 countries including the European Union and parts of the Middle East and Africa. CEO Rick Day told CoinDesk the exchange has "solid banking relationships" in the EU, saying there are now over 100 banking options for users to choose from. As well as the EU, igot indicated that it has also secured a partnership in Kenya and will launch there in the very near future. Kenyan customers will able to cash out from their igot accounts directly to....
African Bitcoin startup BitPesa launched its remittance service in Tanzania today. The service previously was available only in Kenya, where the company is headquartered. It hopes to undercut the fees charged by incumbents' remittance services. BitPesa launched its international money transfer in Kenya last year with the goal of expanding the service to the rest of Africa, something the company has slowly been working toward. Besides its remittance product, the company operates an exchange in Kenya and Ghana but Tanzania is the first country the startup has expanded its international money....
The Australia-based Bitcoin exchange Igot has been struggling to completely deliver on operations with Bitcoins or refund customers their money. Shady background of Igot Bitcoin exchange. The company was founded in 2013 and offered exchange services in 40 different countries, including the ability to buy and sell Bitcoins, remittance services, futures tradings and merchant services. However, it is unclear whether the company actually signed up merchants and provided listed services beside basic buy/sell exchange services, as was advertised by the company. “Igot is not being honest and....
The bitcoin payment processing space continues to get more crowded with the launch of merchant services by igot, a bitcoin exchange based in Australia. This new service will put the company head-to-head with some of the largest payment processors in the market. "Accepting bitcoin through igot has multiple advantages for merchants. Integration take just minutes, and it protects businesses from both credit-card chargebacks and price volatility," said Rick Day, co-founder of the company, in a statement. The company believes it has a competitive advantage because it can facilitate cross-border....
BitPesa has made a name for itself in the world of Bitcoin-enabled remittance services. Up until this point, though, most of BitPesa’s efforts have been focused on Kenya, one of the most underbanked countries in the world. But yesterday, the company announced its expansion into Tanzania. The remittance market is being dominated by a handful of players, all of which charge high fees for their services. Furthermore, seeing how most of the African population has limited to no access to a bank account, there are not many options available for moving funds in and out of the continent. However,....