Bitcoin All Set To Attract the Unbanked Caribbean Sector
While many affluent countries have adopted Bitcoin for the sake of learning and accessing an advanced payment technology, there are still many small regions whose citizens are even deprived of basic banking facilities - Caribbean being one of them. According to some reports, over 60% of the Caribbean population - knowingly or unknowingly - have kept itself away from accessing the banking services. There are many reasons for that. The first one could be the lack of proper banking infrastructure, while others may be related to people's insecurities towards corrupt banking practices during....
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U.K.-based Bitcoin startup Caricoin recently announced the launch of a Bitcoin wallet for the Caribbean. The wallet has been developed in partnership with Palo Alto-based blockchain security company BitGo. According to a press release by the company, the wallet will provide a mobile money solution to users in the Caribbean where access to traditional banking is limited. The wallet combines elements of social messaging platforms with remittance via Bitcoin. It allows senders and receivers to chat with each other and also comes with the ability to top-up mobile phones with prepaid minutes....
Overstock announced a strategic investment in Bitt, a Caribbean-based fintech company whose goal is to persuade Caribbean island nations to adopt digital national currencies. The investment was announced at a media conference in Barbados hosted by Avatar Capital, which invested in Bitt, and attended by representatives from both Bitt and Overstock. Politicians and dignitaries from various Caribbean nations attended. “A major impediment to economic advancement around the world is the fact that the vast majority of humans are unbanked,” said Overstock CEO Patrick M. Byrne. “Yet mobile....
Bitcoin startup Caricoin has announced the launch of a bitcoin wallet application that it deems as the first “social mobile money platform” in the Caribbean. UK-based Caricoin Ltd has released a bitcoin wallet as a mobile money solution for Caribbean users. The application and technology has been developed following a partnership with Californian Bitcoin security firm BitGo, an early developer of the multi-signature bitcoin wallet. The app brings together elements of a social messaging platform infused with remittance via bitcoin. The app enables users to gain a bitcoin wallet immediately....
Bitt, the Caribbean's first bitcoin exchange company, is looking to tap the region’s potential for remittances and banking services by providing faster and cheaper payments using bitcoin. CoinTelegraph spoke to the CEO and co-founder of Bitt, Gabriel Abed, about Bitt’s plans, as well as the challenges and specificities associated with the Caribbean market. After a two-year development period, the company launched its BTC solution suite on March 30. It includes a mobile digital wallet, international remittances services and e-commerce merchant solutions. Bitt, which currently runs under....
The Eastern Caribbean Central Bank (ECCB) expanded its CBDC (DCash) to two more nations of the commonwealth: Dominica and Montserrat. Now, the digital version of the EC dollar has been rolled out in seven out of all eight-member from ECCU countries. The Eastern Caribbean dollar (EC$) is the currency used by the members of the Organisation of Eastern Caribbean States (OECS), and a central bank’s pilot project rolled out the DCash as a digital version of the currency that can be sent and received through a free app for users based in any eastern Caribbean country that has launched the....