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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