Share with: Bitspark Limited , the world’s first cash-in cash-out remittance service leveraging Bitcoin and Blockchain technology in partnership with Vitaxel Group, the holding company of the first MLM Company from South East Asia to promote exclusive travel, entertainment, lifestyle and health products through eCommerce and its own online shopping mall, today signed the master agreement to pursue bringing Bitspark’s remittance platform to the Malaysian market. According to a company blog post, has partnered with Vitaxel Group, a direct sale organization, to bring Bitspark’s payment platform to Malaysia. Bitspark, a remittance service that leverages bitcoin and Blockchain technology, enables money transfer businesses to send and receive money faster, cheaper, and more securely to more than 100,000-plus destinations worldwide. Bitspark and Vitaxel Group seek to pursue the opportunities in financial services in Malaysia and other emerging SE Asian markets as the rise of mobile banking and smartphone usage presents new opportunities for reducing costs in cross border trade and opening to new customers and markets. This follows on from the MOU signed in June and begins the rollout in Malaysia. “Today we signed our final master agreement on bringing the Bitspark Remittance platform to Malaysia, both teams at Bitspark and Vitaxel have been working hard to make this happen and today we have reached an exciting new milestone. I think this signals the start of a working relationship that can we can build on over time for new products and markets to meet the needs of our customers with our industry leading services in the financial space.” said Bitspark CEO George Harrap. Malaysia is an integral market for money transfers, often involving high volumes of transfers to neighbouring Indonesia, Thailand, Singapore and other nations throughout ASEAN, a market of over $2 billion USD growing 6% annually. “Our customers and contacts […]
