Bitspark Partners With Vitaxel Group To Launch Remittance Platform In Malaysia
Bitspark enables money transfer businesses to send and receive money faster, cheaper, and more securely to more than 100,000-plus destinations worldwide. The two companies seek to pursue the opportunities in financial services in Malaysia and other emerging Asian markets as mobile banking brings opportunities to reduce costs in cross-border trade. The companies will soon roll out blockchain remittance in addition to other value-added services. The companies will soon roll out blockchain remittance in addition to other value-added services. Bitspark CEO, George Harrap, said: I think this....
Related News
It makes sense for both companies to venture into the Malaysian market, as there are plenty of opportunities to explore. Malaysia seems to be warming up to the concept of Bitcoin and Fintech as of late. Thanks to a new partnership between Bitspark and Vitaxel Group, Bitcoin remittance will be coming to the Malaysian market very soon. Most people active in the world of Bitcoin and cryptocurrency will have heard the name Bitspark before. The company has been making a name for itself in the remittance sector by leveraging Bitcoin and blockchain technology. Moreover, they were the world’s....
Vitaxel Group will be a valuable partner for Bitspark, as they have over 5,000 distributors in over a dozen Asian countries. Fintech and Bitcoin startup Bitspark, based in Hong Kong, has partnered with Vitaxel Group. As part of this new agreement, the Bitcoin company will start offering its remittance services in Malaysia over the coming weeks. This news comes on the heels of the Malaysian government deciding to take a less strict stance on Fintechs and Bitcoin startups in the region. Both companies previously had agreed on a Memorandum of Understanding in June of 2016. That milestone....
Hong Kong-based Bitspark Limited, a bitcoin remittance company, has announced a new partnership with Malaysian Vitaxel Group. Vitaxel Group, which specializes in multi-level marketing, has more than 5000 distributors in 16 Asian countries. And together, they aim to expand the bitcoin remittance services throughout Southeast Asia (S.E.A). Remittance in....
Just a few days ago, BitSpark announced that it is halting all bitcoin exchange operations. Instead, the company will be focusing all of their attention on the remittance market. Bitcoin can play an important role in the evolution of money remittance as we know it, and BitSpark feels it is the best direction for the company at this point. BitSpark Partners with BitGo And Closes Funding Round. At the beginning of April, BitSpark announced the closing of a successful round of funding. Several prominent Hong Kong-based investors had injected an undisclosed six-figure sum into the company,....
One key area where Bitcoin could make a splash is in the world of money remittances. As things stand right now, sending money overseas is a very costly business, with fee amounts running in double digits most of the time. Bitcoin is a borderless digital currency at low to 0 fees, making it a viable competitor. Bitspark, the world’s first end-to-end remittance service powered by Bitcoin, has recently partnered with Bitgo Inc. Bitspark’s Funding Round. Bitspark is not just a bitcoin-fueled remittance service they are also Asia’s leading crypto-financial services provider. As is the case with....