Bitcoin Exchange Igot Challenges Scam Allegations
This article has been updated with additional comment from igot users. The founder of Australia-based bitcoin exchange igot has refuted claims his business is a scam. Igot recently came under fire, with many of its users complaining about delays to their withdrawals, branding the company "untrustworthy" and claiming they'd been robbed. Rick Day, igot's founder told CoinDesk the delays particularly affected fiat withdrawals, attributing them to a number of factors. "They [the issues] are as not as big as they appear from the outside ... one of the biggest issues that we have with delays is....
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igot launches Bitcoin merchant solution. The Australian Bitcoin exchange igot has announced the launch of the igot Merchant Solution, a service that allows both e-commerce providers and brick-and-mortar stores to accept bitcoins for goods and services. The igot Merchant Solution comes with a fixed transaction fee of half a percent. igot has continued to grow globally. The company that is present in close to 40 countries would seem to be emerging as a key player in the bitcoin merchant solutions area. Through the latest product offering, igot also signals intent to the major players BitPay,....
Australian Bitcoin Exchange Igot recently added payment processing solutions to its range of services. The decision eventually brought its brand in line with other payment solution companies like BitPay and Coinbase. Soon upon the launch, Igot has opened its real time payment settlement services for e-commerce and street-side businesses around the world. It will be converting Bitcoin payments instantly to 10 different fiat currencies, including the highly volumed ones like Indian Rupee. As we believe, this one feature could actually help Igot land its Bitcoin services inside the....
The Australian Digital Currency and Commerce Association (ADCCA) is recommending a code of conduct for bitcoin companies on account of the inability of the Igot bitcoin exchange to deliver bitcoins people paid for or refund their money, according to ABC. Igot clients said the exchange owes them hundreds of thousands of dollars. The exchange has been unable to deliver on purchases or provide refunds for months. The exchange was launched in 2013, according to its website. Nicholas Giurietto, ADCCA chief executive, said Igot customers have been devastated. The association expects to have a....
For such a rapidly developing country, the UAE hasn't seen much development in Bitcoin. At least, not until just recently... The United Arab Emirates (UAE) is one of the richest countries in the world. Home to the the seventh largest oil reserves on the planet and 19th highest nominal GDP per capita, the UAE has quickly developed a high-income economy. Large, man-made islands and gold vending machines are nothing out of the ordinary in the cities of the UAE. That's why it may come as a bit of a surprise that Bitcoin hasn't really caught on in the Emirates. However, that could soon change....
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....