Bitspark is a bitcoin remittance company which leverages on buy-sell and transfer of bitcoin to complete the remittance process. It has just announced a new partnership with Vitaxel Group in Malaysia. Bitspark will step foot in the Malaysia market, and from there it will springboard to the rest of S.E.A.
See article on "Migrant Workers Attract Remittance Startup Bitspark to Southeast Asia"
The global remittance industry is a US $600 billion industry, and yes, I would like to think that Bitspark is heading that direction with its starting point in S.E.A.
How bitcoin remittance works?
Bitspark's platform utilizes BTC and other cryptocurrencies to transfer payments between its intermediaries (and agents). Senders and recipients of remittance services deal with paper currencies over-the-counter directly, hence there is no need for them to know how to trade bitcoin. However, if senders and/or recipients would like to deal with BTC directly, they can also do so via Bitspark's website.
Bitspark has 100,000 pick-up locations operating in Vietnam, Philippines, and Indonesia. The number of pick-up locations will be expanding massively as Bitspark moves into S.E.A.'s remittance market. Let's wait to see how Bitspark brings success in bitcoin remittance trade in time to come. Meanwhile, check out the size of Bitspark's potential in the S.E.A. market from the article here.
Knowing that no one pleases everyone and there is a flip side to every coin, including Bitcoin. Whether you agree, agree to disagree, or the opposite, do not just take my words for it, be sure to look it up.
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