Singaporean Bitcoin Exchange BitX Enters Nigerian Markets
Singaporean Bitcoin Exchange BitX recently expanded its operations to Nigeria, a step that will enable its natives to sell, purchase and store the digital currency. The announcement comes in the wake of growing requests from its potential consumers base in Nigeria, the company informed via its blogpost. It also hinted to be working towards the launch of some new services in the African territory, but shied away from revealing anything further. BitX CEO Marcus Swanepoel further interacted with media to elaborate their intents in the Africa's largest economy, and said: "We've been inundated....
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Singapore-headquartered Bitcoin exchange BitX, which already has offices in Cape Town and Jakarta, has launched operations in Nigeria. BitX provides a bitcoin wallet, an exchange, merchant integration and APIs to businesses and consumers across the world. It has built up a sizeable presence in Southeast Asia and Africa. The launch will allow Nigerians to buy or sell bitcoin instantly using Nigerian naira for the first time through the mobile BitX Wallet on iOS and Android. They will also be able to trade bitcoin, and use the BitX API to develop their own bitcoin products. BitX CEO Marcus....
Singapore-based Bitcoin exchange startup BitX has reportedly bagged a whopping $4 million (USD) in Series A funding from online e-commerce payment gateway PayU. PayU is a subsidiary of the multinational media and internet services giant Naspers. Founded in 2013, the Bitcoin exchange recently expanded into the Nigerian market offerings its mobile Bitcoin wallet for iOS and Android, the BitX API in addition to the exchange services. The reason why the startup focuses on emerging markets is because of their high-growth potential. BitX CEO Marcus Swanepoel said, "We've been seeing very strong....
BitX has launched services in Nigeria, a move that will enable local users to access the company's bitcoin wallet, exchange and API services. The announcement comes roughly six months after the emerging markets-focused bitcoin services provider launched in Indonesia. Both countries had been on BitX's list of planned markets since April 2014. BitX CEO Marcus Swanepoel expressed his optimism that Nigeria would soon become one of the company's leading markets due to its "fast-growing" and "highly entrepreneurial economy". Swanepoel said: "We've been inundated with requests for bitcoin....
According to RealMoneyAsia, Singapore-based Bitcoin exchange BitX has partnered with payments gateway CodaPayments to offer Bitcoin payments across Southeast Asia. BitX had recently collaborated with the local payments gateway company in order to serve the unbanked and the underserved population of Southeast Asia. The Bitcoin exchange will provide instant currency conversion services at PoS to mitigate the Bitcoin volatility risks for merchants. Coda Payments which caters to markets such as Indonesia, Malaysia, Philippines, Thailand, Vietnam and Singapore, boasts of customers in excess of....
Emerging market-focused bitcoin services firm BitX has completed a SGD$1m ($824,000) seed funding round. Investors include London-based Ariadne Capital, Barry Silbert's New York-based Bitcoin Opportunity Corp (BOC) and Palo Alto-based financial innovation investor, Carol Realini. BitX CEO Marcus Swanepoel told CoinDesk the funding would help the Singapore-based firm accelerate its business, furthering international expansion of its wallet and exchange services, assist with merchant acquisition and help the company develop some new products it has in the pipeline. Silbert praised the BitX....