Caribbean Bitcoin Exchange Launches Following $1.5 Million Raise
Caribbean digital currency exchange Bitt has launched today, having secured $1.5m seed funding from local VC group Avatar Capital. The exchange, based in Barbados, is powered by AlphaPoint, an exchange technology platform provider that also offers its solutions to Bitfinex and Cointrader. Also a remittance channel and merchant processing gateway, Bitt claims to have implemented
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The New York City-based bitcoin exchange Coinsetter has filed to raise up to $1.5 million in venture capitalist funding with the United States Securities and Exchange commission. The company's CEO, Jaron Lukasiewicz, said that Coinsetter was only planning to raise $1 million, but would like the flexibility to raise more funding as the exchange prepares to launch to the public. It is currently in private beta. The company managed to raise about half-million USD back in April of this year, and this next round will certainly go a long way in improving the service, which hopes to attract....
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....
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....
But there is more, as Caricoin allows users to pay for goods and services sold by thousands of online retailers. When looking at things from a broader perspective, there are quite a few digital currency initiatives in circulation already. Caricoin, a project that has not made any headlines outside of the Caribbean, has been pretty successful so far. This Bitcoin wallet solution tailored specifically to the needs of Caribbean users and enterprises helps push Bitcoin adoption n that part of the world to new heights. What makes the Caricoin solution so appealing is how it can be set up by....
All the new app needs to do now is to integrate Bitcoin payments, which seem to be gaining traction in The Caribbean as of late. Exciting things are happening on The Caribbean. As Bitcoin adoption seems to thrive in the region, online shopping is becoming a new point of focus. CaribShopper, a company with markets in 16 countries, has partnered with eBay to create a new application. Caribbean shoppers can now purchase items off the auction website through the eBay powered by CaribShopper app. Although many people overlook the Caribbean when it comes to finance and payments, the region is....