Bitspark, a Hong Kong-based remittance service that leverages bitcoin and blockchain technology is partnering with direct marketing and e-commerce firm Vitaxel Group to roll its platform out in Malaysia.
The two companies say they will soon bring Bitspark’s blockchain remittance services to Malaysia in addition to other value-added services and products.
“We believe that our collaboration with Bitspark, a ‘game-changer’ innovative fintech company, will move us closer to our corporate goals. Our customers and members of the public will very soon enjoy faster money transfer with greater cost savings,� said Ryan Leong, CEO of Vitaxel.
Bitspark highlights the importance of the Malaysian market where there is a high volume of transfers to neighbouring Indonesia, Thailand, Singapore and other South-East Asian countries.
The company says remittances in the region are worth more than $2bn and growing by as much as 6% annually.
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