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All posts tagged "BitX"

  • Bitcoin exchange company BitX rebrands to Luno, launches new products

    SA Bitcoin exchange company BitX, has announced it's rebranding to Luno. Along with the announcement, the company is launching a number of new products. "We believe that decentralised digital currencies like Bitcoin will fundamentally change how the world views and uses money," said the CEO of Luno (previously BitX), Marcus Swanepoel, in a press release to Ventureburn. "Cheaper, faster and safer transactions; more privacy and financial freedom; a significantly better user experience; and ultimately, more equality by giving everyone in the world access to the same financial system. "Our new brand and product offerings are better aligned with this vision and will help drive our...

  • 26 Fintech startups you absolutely need to know about [Digital All Stars]

    Digital All Stars is a series of 24 articles which aims to celebrate the best of South African digital. The articles, which will appear on Memeburn and Ventureburn, recognise and celebrate South Africa’s best digital entrepreneurs, business people, advertisers, and media professionals among others. The All Stars listed in the articles are compiled using a combination of our editorial team’s own knowledge and that of experts in the fields covered by each article. Fintech has become a buzzword in recent years. It largely represents startups changing the way money and financial services are handled, by both businesses and corporates. Their developments...

  • Bitcoin exchange startup BitX secures funding from Asia’s Venturra Capital

    Emerging market bitcoin exchange startup BitX has just announced an undisclosed round of funding from Southeast Asia's Venturra Capital. Venturra Capital is a US$150-million Southeast Asia-focused venture fund based out of Jakarta. "Venturra is one of those rare funds that doesn’t just talk about adding value, but actually does it, in a consistent, relevant and tangible way," BitX co-founder and CEO, Marcus Swanepoel. "This, combined with their unrivalled expertise and networks in the Southeast Asian market, makes for an exciting partnership that will help solidify our leading position in the region." Werner van Rooyen, who heads up business development at BitX, tells...

  • BitX, Zazoo deal enables people to spend Bitcoin via virtual cards

    Bitcoin exchange startup BitX has signed an exclusive deal with Zazoo, enabling people to spend cryptocurrency online using virtual card system VCpay. Part of JSE-listed Net1, Zazoo is responsible for a range of product offerings including mobile banking, third-party payments, cryptography and smart card technologies. One of Zazoo's products is VCpay, which enables customers to create a new virtual prepaid MasterCard number for every purchase they make. This is said to help secure their identities and accounts from fraud. In a press release, CEO of BitX Marcus Swanepoel said: “The gap between the speculative trade in digital currency and users’ ability to...

  • BitX partners with Coda to offer Bitcoin transactions in Southeast Asia

    Southeast Asian multichannel payment gateway Coda Payments has partnered with BitX to offer Bitcoin payments. Due to this collaboration, Coda is the first merchant in the region to accept digital currency for online purchases. Coda already offers the option to customers in Indonesia and Malaysia through its own online gift card platform, called Codashop. The store offers Steam wallet, Google Play, iTunes, Amazon, and several other gift cards and vouchers to customers. Similar to other offerings in the Bitcoin market, BitX will allow real-time currency conversion from the user's local currency and Bitcoin collections. Coda will handle the rest of the...

  • Bitcoin startup BitX raises $4m from Naspers

    Emerging market bitcoin exchange startup BitX has just raised a nice fat US$4-million in Series A from PayU -- a subsidiary of media and internet powerhouse Naspers. Existing investor Barry Silbert’s Digital Currency Group also participated in the round. The fresh capital comes after the startup secured over US$800 000 from a group of international investors late last year. Founded by Marcus Swanepoel, Francois Paul, Carel van Wyk, Pieter Heyns and Timothy Stranex, BitX launched in 2013 with a mission to spread the adoption of digital currency in emerging markets. It's currently headquartered in Singapore with additional offices in Jakarta and...

  • Bitcoin exchange BitX launches digital currency services in Nigeria

    Bitcoin exchange company BitX announced today its rollout to Nigeria. Previously only South Africa, Indonesia, Kenya, and Malaysia were able to purchase the digital cash in their own currency from BitX. "We are very excited to launch a broad suite of Bitcoin products and services to the Nigerian market, all with the view of making it easier for Nigerian consumers and businesses to buy, sell, store and transact in Bitcoin," said BitX CEO Marcus Swanepoel. Last year, the startup secured a round of seed funding of over US$800 000 from a group of international investors to help bolster its international vision of...

  • BitX revamps platform with fresh bitcoin exchange

    South African-based bitcoin exchange BitX has launched a revamped version of its popular site. By providing a faster and more efficient platform for experienced traders, and a cleaner, friendlier experience for new users, the startup is hoping to further drive bitcoin adoption. BitX currently operates in some key emerging markets including South Africa, Kenya, Indonesia, Singapore and more. It’s also been spearheading the move to bring bitcoin to over 30 000 online stores in South Africa through the popular local online payment service, PayFast. Read more: PayFast’s 30k merchants can now accept bitcoin as online payment In August last year, the startup...

  • Here’s why fintech startups are paving the way to gold

    Fintech is on fire. Better, it’s white hot. According to an oft-cited study released by Accenture, global investment in financial technology ventures tripled from US$928-million to US$2.97-billion between 2008 and 2013. This figure is expected to snowball to a whopping US$6 to 8 billion by 2018. To put this within the context of the wider investment landscape, in the three years leading up to 2013, global investment in fintech grew more than four times faster than venture capital investment overall. Here’s a quick lowdown on fintech or “financial technology” for those of us newer to the scene: broadly speaking, it describes...

  • BitX launches stylish bitcoin app to drive adoption in emerging markets

    South Africa and Singapore-based bitcoin exchange and tech startup BitX just launched a virtual currency app which hopes to unlock the growing potential presented by emerging markets, as well as the rest of the globe. One of the key differentials BitX Bitcoin Wallet has is that it's mobile-first, built with your average consumer in mind. Essentially, this means the app is easy-to-use as well as smooth and practical. "The current apps available are good enough for bitcoin early adopters, though they can easily become confusing for the average consumer," BitX CEO Marcus Swanepoel tells Ventureburn. Swanepoel notes that the app was...