Abra’s Bitcoin Remittance App Attracts Thousands of Users
Within 10 days since its launch, Abra's Bitcoin remittance Android application has attracted thousands of Abra users and tellers across many countries. Bitcoin remittance application Abra, which secured a US$12 million Series A funding round from prominent venture capital firms including Arbor Ventures, RRE Ventures and First Round Capital in September 2015, launched its highly anticipated iOS and Android applications on February 5, 2016. Since then, over 5,000 users and Abra tellers have registered and downloaded the application on Google Play, with users across regions including the....
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FastCompany’s report revealed that overseas remittance totaled $429 billion in 2016. Some of the largest Remittance markets include China and the Philippines. Already, bitcoin startups have begun to dominate the remittance markets in the two countries, with the Philippines leading bitcoin remittance innovation. Both domestic and international remittance is a massive market within the Philippines. Companies such as Lhuillier and Palawan operate thousands of branches throughout the country, with deeper market penetration in comparison to international remittance companies such as Western....
Renowned remittance application Abra announces Bitcoin support. Abra announced the next phase of its global expansion at the North American Bitcoin Conference today. The plans are to enable Abra worldwide next month, activating global network of Tellers who can transact in over 50 currencies, including directly in Bitcoin. This means that anyone with a smartphone in any country can send or receive funds in most major currencies and can cash in or out of their Abra wallet, even without a bank account. Bitcoin has been a large part of and the key to Abra’s efforts, albeit not always....
Blockchain technology will be making its way to Malaysian wholesale and remittance company Metro Money Exchange shortly. The licensed enterprise signed a deal with Dragonfly Fintech to use the New Economy Movement’s blockchain technology. The name Dragonfly Fintech will ring a bell for some, as the company is using a hybrid form of distributed ledger....
Bitcoin remittance service 37coins has announced that it will be closing shop and will no longer be offering its SMS-based wallet. Users have until the end of the year to withdraw their balances before the company's official closure. This bitcoin remittance startup aimed to use low-cost cell phone technology as a means to enable cheap transactions. It was able to take part in Plug and Play's startup group before its development team ran into major headwinds. Bitcoin Remittance Shutdown. "Despite the best of intentions, we were unable to deliver a quality product that showed product-market....
The leading bitcoin exchange in Vietnam recently launched a bitcoin remittance service in the country called cash2vn. This will enable users to send funds to their families and friends in Vietnam through the bitcoin network and the cash2vn platform for a fee of $2 per transaction. For now, the bitcoin remittance platform requires that the user have a bank account in Vietnam, although the team is already working on methods to cash out that can be inclusive of those who don't have a Vietnamese bank account. Bitcoin Remittance Trends. In other parts of Asia and in South America, bitcoin....