Caricoin was recently featured in The Cointelegraph through an interview with our Regulatory Advisor Karsten Becker. The article highlighted our bid to create a Caribbean Bitcoin exchange based in Jamaica that would merge Bitcoin with the Caribbean banking system.
The feature focused on our efforts to seek the approval of the Bank of Jamaica (BOJ) to integrate bitcoin and blockchain technology into the local banking infrastructure. Bitcoin’s effectiveness as a low cost solution for international money transfers, as well as a global outlet for regional e-commerce, relies on being able to cash the cryptocurrency in and out of local banks for fiat currency.
Mr. Becker said that the approval of the BOJ would be an essential step towards integrating Bitcoin into the Caribbean economy. Other highlights of the article included Caricoin’s intention to experiment with Ethereum’s Blockchain for Fintech technologies, and its recent move to target local merchants to sell online with our bitcoin wallet.
You can read the full article at cointelegraph.com
There has been a lot of buzz around our aim to set up a bitcoin exchange on the island and we are especially pleased to have been exclusively featured by the Jamaica Gleaner outlining this initiative. There is an intensive process that needs to be undertaken to structure the regulatory framework required by the BOJ before we can offer the service, and we are very encouraged by their willingness to explore emerging technologies in an effort to bring new economic opportunities to the island.
There are undoubtedly enormous benefits to bringing bitcoin to our developing region. Bitcoin has the potential to save the Caribbean hundreds of millions of dollars in remittance fees, to bank the unbanked, and to give local merchants instant access to an online platform to collect payment for their goods and services.
The results of bringing a licensed bitcoin exchange to the Island would be astonishing – by providing a platform where money can be transferred directly from person to person for free, by bringing consumers on board who are currently outside of the banking system, and by opening up e-commerce to the average small business, the region could experience an economic boom of proportions not likely without radical shifts in the financial sector.
Find out more by reading the complete article here.
Caricoin’s senior executives recently attended the 8th URISA Caribbean GIS Conference in Barbados (Sept. 4-8) to introduce our bitcoin wallet to the wider Caribbean community. The event was organized by a committee of Caribbean GIS experts and featured more than 60 speakers, an exhibition and valuable opportunities for networking. In attendance were a number of government representatives, private interests, educators and merchants from all across the region.
Our main objective was to showcase the wallet’s features, but also to collect valuable feedback about the specific banking challenges being faced by different countries. Through our scheduled presentation and Q&A, it was confirmed that the Caribbean continues to experience considerable difficulties in terms of access to banking services and ease of making payments. The de-risking of Caribbean banks was also of grave concern, as overseas corresponding banks continue to sever ties with local institutions.
We were thrilled to be able to share with our audience that these were the precise issues that Caricoin’s bitcoin wallet was designed to address. Our online platform uses bitcoin to provide a bank-free payment system, eliminating the need for a corresponding bank, and aims to effectively unify the Caribbean economy under a single currency.
We’re thrilled to announce that Caricoin’s bitcoin wallet was recently selected by Discovery Channel’s Newswatch for a special segment highlighting our mission to bring a zero-cost mobile money platform to the people of the Caribbean. Our concept of leveraging technology to help the region’s underprivileged gain access to the global banking system caught the attention of the show’s producers and they invited us to be featured.
The show aired on Friday 12th August 2016 at 7:30am EST and reached over 96 million households in 210 markets, marking the first time in history that a Caribbean technology startup has received this level of global exposure. You an read the full article at
Newswatch is a US weekly national television program in news and entertainment format that focuses on a variety of topics including emerging technologies, health and entertainment. Visit their website at http://newswatchtv.com/ for more information.
Topping up your mobile credit, or maybe even your relative’s or a friend’s, is one of those things you do daily, maybe even several times a day, if you have a prepaid mobile phone number. Caricoin’s wallet allows you to do this quickly and easily with their integrated Bitrefill top up feature. It’s incredibly simple to use, it offers great rates, and it takes only seconds to make a purchase and get credited.
In fact, much to our delight, Bitrefill’s founder and CEO Sergej Kotilar recently had this to say about Caricoin’s wallet:
“Their integration already offers one of the best mobile refill experiences I’ve seen this far.”
Bitrefill serves more countries than any other airtime merchant in the industry, and is partnered with all the major mobile networks in the Caribbean. Which means we have you covered. Anyone holding bitcoin in a Caricoin wallet can send mobile credit to anyone else in the world…even if that user hasn’t yet signed up for Caricoin. Better still, you can have your friends and family install Caricoin’s wallet on their mobile phones directly, and then send them bitcoin to top up at their own pace.
So check out your Caricoin wallet’s Bitrefill top up feature if you haven’t done so already, and start topping up your mobile credit with bitcoin today. Go to caricoin.com for more information and to download the app to your android device (iOS coming soon!).
You can read the full article here: Caricoin and Bitrefill bring bitcoin mobile top up to the Caribbean
Caricoin is pleased to announce that we have been accepted as a member company by Innovate Finance (www.innovatefinance.com). Founded in 2014, Innovate Finance is one of the leading incubators of financial technology companies (FinTech) within the UK and around the world. http://innovatefinance.com/member/caricoin
Since its inception Innovate Finance has attracted more than 250 companies ranging from seed startups to major global financial institutions. It’s members include Silicon Valley Bank, Asimo, BitFury, Goldman Sachs, Infosys, IBM, Lloyds Banking Group, Stripe, Telefonica, RBS, TransferWise, World Remit and other leaders in the FinTech space.
As the industry body for the FinTech community, Innovate Finance serves as a single access point to the full financial services and technology ecosystem seeks to address some of the key issues affecting the growth of the sector.
The Innovate Finance Global summit, held in April, is a yearly conference set up to champion the latest developments in FinTech. This year it featured over 1000 key decision makers in the financial services industry, hosted over 100 startups and global FinTech exhibitors and attracted over 1500+ Attendees from 45+ Countries around the world.
image via ratesetter
Find out more at http://ifgs2016.innovatefinance.com/