Crypto Exchange meXBT and World BTM Leader BitAccess Form Alliance to Tackle Remittances in Mexico

MEXICO CITY - Nov. 5, 2014 - PRLog -- With the shared vision of taking on remittances in Mexico, Mexican Exchange meXBT (http://www.mexbt.com) and BTM leader BitAccess (https://www.bitaccess.co/) are formally unveiling their partnership on the last day of Money 20/20 (http://money2020.com/) in Las Vegas. The new partners will also be available during tagCDMX (http://www.arca-lab.com/tag/) in Mexico City November 7-8 to discuss their plans.

According to meXBT CEO and Founder Gabriel Miron, ‘meXBT is committed to grant easy and broad access to crypto currencies in Latin America. We believe the vision BitAccess provides for the unbanked population will have an enormous impact, especially in Mexico as it's the world’s third largest corridor for remittance transactions.’

meXBT will soon install a BitAccess BTM, which will mark the first such tool in this venture. BitAccess is a Y Combinator startup among the most popular on the early-stage investment community platform Angel List.

BitAccess Cofounder Haseeb Awan commented, ‘We are very happy for our launch in Mexico since it will help Mexicans buy and sell bitcoins in the most simple way. We are exploring the underbanked and remittance market with meXBT to provide economical solutions to end-users. BitAccess is focused on providing enterprise grade services to its clients.’

This collaboration aims to deal with a large remittance market where:

65% of the population in Mexico is unbanked
USD 23 Billion that flows from the US to Mexico is remittance
51% of funds that flow to Mexico come mostly from California and Texas
The average remittance business charges 5-7% in fees.

meXBT supporters are positive about the cooperation. Seedcoin’s Chief Startup Officer Eddy Travia commented, ‘I’m very pleased to see two innovative and dynamic startups like BitAccess and Seedcoin-backed meXBT work together on the essential issue of remittances affecting the lives of millions of families in Mexico.’

meXBT and BitAccess will hold an interactive workshop at tagCDMX and invite attendees to stop by and learn more about their activities.

About meXBT.com

Providing digital currencies for serious traders and simple enough for beginners, meXBT's goal is to provide the best and most secure service to traders of digital currencies. MeXBT is combining state-of-the-art technology with a rock solid legal and fiscal structure on a single platform called meXBT.com, the ‘Crypto Exchange of the Americas,’ and the place to be when exchanging cryptos. http://www.mexbt.com

About BitAccess

BitAccess Inc. produces the world's leading Bitcoin Automatic Teller Machine (BTM). Our machines allow anyone to deposit cash and instantly receive a digital wallet containing the equivalent in the Bitcoin cryptocurrency, or do the reverse and exchange Bitcoin for traditional currency. Currently, BitAccess already has installed Bitcoin ATMs in half a dozen countries, with dozens more launching in the next few months. Founded in November 2013, BitAccess is a privately held company headquartered in Ottawa, Ontario, Canada. BitAccess's mission is to provide people and businesses around the world with access to the future digital money technology. We promise to develop technologies that are secure, accessible and easy-to-use. Visit https://www.bitaccess.co.

About Seedcoin

Seedcoin is the world's first seed-stage Bitcoin startup virtual incubator. Seedcoin’s objective is to invest in the creative entrepreneurs of the cryptocurrency economy and help them develop the future services, products and applications re-shaping the way we interact with money on a daily basis. Visit http://www.seedco.in/ for more information.

Press Contact:

pr@seedco.in

Note to Editors: meXBT’s Gabriel Miron will be available for interviews at Money 20/20 in Last Vegas, and also along with BitAccess’ Haseeb Awan at tagCDMX in Mexico City, November 7-8. Please get in touch beforehand to schedule a meeting time.