Bitit adds 35000 Bitcoin by Cash outlets with Cashlib partnership
Bitit, a European bitcoin platform, has announced its partnership with Cashlib, a distribution network specialist, thereby adding 35000 new stores to its network.
Bitit’s network is spread across 100000 stores facilitated by an already existing partnership with Neosurf. With both Neosurf and Cashlib onboard, Bitit’s Instant Bitcoin by Cash service is now available at over 135000 stores in France, Canada and other European countries.
These partnerships take the company a step closer to realizing its goal of becoming the fastest platform on earth to deliver digital blockchain assets to individuals and institutions. The strategic decision to partner with Neosurf and now Cashlib is driven by the desire to extend the Bitcoin by Cash buying service to France and Europe as a means to increase the size of its network, Bitit said. With the Cashlib partnership, Bitit will be able to offer its Instant Bitcoin by Cash service in 35000 stores where people can buy Cashlib vouchers with cash and redeem it on the platform for Bitcoin.
“Now French users will have the choice to obtain Bitcoin either through Neosurf or Cashlib. Until now, there have only been limited opportunities to purchase Bitcoin with cash in France. Bitcoin by cash market is only at its beginning. By using our network thousands of users can now buy Bitcoin over the counter as easy as any other product,” Bitit’s CEO Nicolas Katan said.
Cashlib vouchers are currently in Point of Sales with cash but also at online resellers by credit card. Available in various denominations ranging from as little as $25 to as high as $250 each. Once the voucher is purchased, users can enter the voucher code on Bitit website and redeem it into Bitcoin which will be sent to the wallet upon confirmation of the code.
At a time when the instances of credit card fraud are on the rise, Bitit offers users with an option to protect their identity by not revealing their details online while purchasing bitcoin. The platform enables customers to make their bitcoin purchase at a time that suits them in their neighborhood. They can now switch between two vouchers, choose the value and redeem it for bitcoin on the Bitit platform.
Through this multiple voucher options, Bitit aims to target the European and Canadian unbanked who need a fast way to use the latest payment technologies and access the e-commerce world.