Caribbean Startup Bitt Secures Seed Round USD$1.5 Million in Capital Led by Avatar Capital, to Bring Digital Currency Financial Services to Emerging Markets. Powered by AlphaPoint's state-of-the-art technology, Bitt releases its flagship service—the Bitt Exchange—to the public. submitted by
BRIDGETOWN, BARBADOS—March 30, 2015 – Founded in 2013 by Gabriel Abed and Oliver Gale, Bitt is a digital asset exchange, remittance channel, and merchant-processing gateway based in Barbados. Bitt, Inc. has partnered with Avatar Capital to expand operations in the growing cryptocurrency industry. This latest partnership has firmly established Bitt as the frontrunner in the Caribbean’s burgeoning cryptocurrency ecosystem. Launch
Powered by AlphaPoint’s state-of-the-art technology designed by veteran Wall Street traders, Bitt’s trading platform is a highly powerful, user-friendly exchange that allows clients to trade securely and seamlessly. Bitt facilitates international Bitcoin trading in 11 major fiat currencies, such as the US Dollar (USD), Great Britain Pound (GBP), Canadian Dollar (CAD), Euro (EUR), and Barbadian Dollar (BBD).
“We were very excited to be selected by Bitt to power their exchange and support their vision of lowering costs for payments and remittances,” said Vadim Telyatnikov, CEO of AlphaPoint. “By connecting their platform to global exchanges, Bitt can offer Caribbean residents competitive exchange rates and deep liquidity from around the world.” Funding
Bitt closed its landmark $1.5 million seed round from Avatar Capital, a Caribbean investment group based in Trinidad and Tobago. This initial capital investment will allow Bitt to continue to develop and expand its core services.
“Avatar backs Bitt with full confidence,” said Peter George, Director of Avatar Capital. “We are pleased to invest in the development of the cryptocurrency industry in the region. It is our hope that this investment benefits the people of the Caribbean and becomes the catalyst for digital currency trading in this part of the world.” Serving the Underbanked
“The Bitt Exchange is a cornerstone project for digital finance in the Caribbean. By facilitating trade between traditional and digital currency markets, Bitt is creating the platform for very low-cost international commerce and remittance between the people who need it most - the millions of unbanked and underbanked citizens in the Caribbean,” said Gabriel Abed, Bitt CEO. Abed was recently recognized by Wall Street Journal as ‘Mr. Bitt.’ In Paul Vigna’s recently released book, “The Age of Cryptocurrency,” Abed is quoted as viewing “digital currency’s low transaction fees as a quantum leap for small Caribbean nations that currently maintain their own currencies.” Emphasis on Security and Performance Bitt provides a high-frequency trading platform, which boasts military-grade security. With an independent multi-signature HD wallet system, which maintains 95% of customer Bitcoin offline, Bitt users can buy and sell cryptocurrency with peace of mind, knowing their assets are secure. “With a team of financial experts, IT network security engineers, cryptographers, and software developers from around the world, as well as banking facilities and asset liquidity spanning many major international fiat currencies, Bitt is poised to become the leading digital currency exchange in the Caribbean region,” said Oliver Gale, Bitt’s CFO. About Bitt
Bitt is a Caribbean-based digital asset exchange, remittance channel, and merchant-processing gateway. With a high-frequency trading platform, rigorous security and an easy-to-use trading interface, the Bitt exchange is an ideal solution for individual or professional trading. Bitt’s core focus is on providing the highest levels of access, safety, customer service, transparency and accountability, visit www.bitt.com
. About AlphaPoint
AlphaPoint (est. in 2013) is the leading exchange technology platform provider to support digital currencies. The company powers some of the top bitcoin and alt-coin exchanges in the world, and is faster than traditional exchanges with the ability to process nearly one million transactions per second. By easing the adoption of digital currencies, AlphaPoint's secure, scalable, and customizable platform is helping change how businesses and consumers transact. AlphaPoint has offices in New York City, Philadelphia, and San Francisco. For more information, visit www.alphapoint.com
Alphapoint - Bitcoin Exchange Software. Full system to run a digital currency exchange. Airbitz Bitcoin Wallet - Full featured iPhone bitcoin wallet & directory map (finds businesses that accept bitcoin near you). Airbitz wallet also automatically implements encryption, backup, and multidevice synchronization. " AlphaPoint is the only enterprise-grade software that enables institutions to both tokenize illiquid assets and trade those assets on an exchange. We are creating comprehensive technology solutions for clients, and opportunities for partners, across a wide range of capital markets stakeholders — asset managers, broker dealers, ATS or other Early AlphaPoint Employee Goes Full Bitcoin, Joins Casa Mar 1, 2019 at 07:10 UTC Updated Mar 4, 2019 at 15:53 UTC Image of Michael Haley — courtesy of Michael Haley About AlphaPoint. AlphaPoint on the other hand is an international fiscal technology firm involved in assisting organizations to turn illiquid assets liquid. It has a protected, scalable, and customizable distributed ledger platform which facilitates clients to digitize their properties. One of the oldest cryptocurrency wallet provider Blockchain recently announced the support for PAX stablecoin in a bid to allow its users to obtain true dollar
Today I take a look at Bitcoin.com's "Bitcoin Wallet", which is the top result in the app store newcomers are sure to stumble across. This wallet deceptively puts Bitcoin Cash front and center ... Choose your Bitcoin Wallet - An in-depth review of BitcoinQT, Electrum and Multibit - Duration: 27:32. Secure Your Wallet 24,336 views. 27:32. AlphaPoint powers numerous of the largest Bitcoin exchanges worldwide and this is a fascinating interview. Listen, subscribe, and review Future Tech Podcast. Contribute Bitcoin to fuel our ... Dormant Bitcoin Wallets Active - Institutional FOMO Circle - Darren Soto Crypto - XRPTIPBOT Patron ... French Court BITCOIN - OkCoin - AlphaPoint - INX IPO - Duration: 9:18. Bitcoin and other cryptocurrencies are "kept" utilizing wallets, a wallet represents that you own the cryptocurrency that was sent out to the wallet. Every wallet has a public address and a ...