BitX Offers Bitcoin Payments Across Southeast Asia
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....
Related News
Bitcoin exchange and wallet provider BitX has extended its Series A round to include undisclosed funding from Southeast Asia-focused VC firm Venturra Capital. According to BitX, the funding will be invested in recruitment and product development, as well as expanding the service beyond its current target consumers in markets including Indonesia, Malaysia, Nigeria and South Africa. BitX declined to release the size of the funding, but stated that the capital was secondary to bringing Venturra Capital on as an investor. "With our lean structure and very low cost base, the funds we have....
In Southeast Asia, Bitcoin is gaining traction as a genuine store of value as investors in the region are viewing the digital currency as an attractive investment opportunity. Among the Bitcoin companies located there, Luno (formerly BitX) and Bitcoin Indonesia have watched this growth with interest. Headquartered in Singapore, Luno allows customers to buy, sell and store the digital currency. It operates in several countries around the world including the U.K., South Africa and Nigeria. In Southeast Asia, Luno has operations in Malaysia, one of its largest markets, as well as in....
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'....
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 wallet, trading service provider, and merchant payment processor BitX has secured a round of funding from Southeast Asia-focused venture capital firm Venturra. Previously, the startup raised US$4 million from prominent Btcoin angel investors including Barry Silbert, as well as tech conglomerates such as South African media company Naspers. With the new financing, BitX will focus on expanding its team and recruiting talents across Asia to enter new markets. "We've seen some really strong growth over the past three months, so having additional cash to help drive these....