Hong Kong company remittances reported on the conclusion of a final agreement with the Malaysian Vitaxel. In addition, it will participate in the second round of the competition Korean K-Startup Grand Challenge.
According Bitspark in his blog, the two companies signed in June memorandum of understanding, two months preparing the final agreement and now have a "clear plan for an early launch of the service in Malaysia, and potentially in other countries."
Company Bitspark, founded in 2014, the first to offer its customers a money transfer, in which Bitcoin used for quick transfer of money from one currency to another, and customers did not have the need to know anything about cryptocurrency. In November 2014 the company made a remittance from Hong Kong to the Philippines, and in January of 2015 - in Indonesia. Subsequently, the company has expanded its field of activity and Vietnam. Now its customers can get the money in more than one hundred thousand people. In May 2015 Bitspark announced the closure of its site for Bitcoin trading, fully concentrating on remittances.
Vitaxel Group - Malaysian company, which is present in sixteen Asian countries, specializing in e-commerce and entertainment. The partnership with this company is very important for Bitspark, since Malaysia, with its many migrant workers is one of the leaders in Asia by number of outbound remittances.
In addition, Bitspark with 84 startups from all parts of the world has become a semifinalist South Korean competition startups K-Startup Challenge. The second round of the competition will be held in the second week of August in the Technology Park in southern Seoul. Only forty startups will be selected for the final phase, which will begin in late August. Twenty winners will receive a proposal to establish a business in Korea and funding for six months.
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