Bitcoin Exchange BitX Gets Richer By $4 Million
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....
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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....
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....
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....
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....
Multinational bitcoin platform BitX has raised $4m in a round led by South Africa's third largest company, the Naspers Group. The investment, announced today, was made via the Internet giant's global payments subsidiary, PayU, alongside Barry Silbert's Digital Currency Group. As part of the deal, James Caviness, PayU's chief product officer, will join the board of directors at BitX. In a statement, he said: "We see a bright future for cryptocurrency across a number of industry verticals, and with BitX's strong management team and solid track record, look forward to leveraging Naspers'....