Menu

Search

  |   Digital Currency

Menu

  |   Digital Currency

Search

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.

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

2017-10-17 15:31:17
0m
2017-10-17 15:30:41
0m

October 17 14:00 UTC Released

USNAHB Housing Market Indx*

Actual

68 %

Forecast

64 %

Previous

64 %

October 17 13:15 UTC Released

USManuf Output MM

Actual

0.1 %

Forecast

0.1 %

Previous

-0.3 %

October 17 20:00 UTC 186186m

USNet L-T Flows,Exswaps

Actual

Forecast

Previous

1.3 Bln USD

October 17 20:00 UTC 186186m

USOverall Net Capital Flows

Actual

Forecast

Previous

-7.3 Bln USD

October 17 20:00 UTC 186186m

USNet L-T Flows,Incl.Swaps

Actual

Forecast

Previous

-43.1 Bln USD

October 17 20:00 UTC 186186m

USForeign Buying, T-Bonds

Actual

Forecast

Previous

-0.5 Bln USD

October 17 21:00 UTC 246246m

KRExport Price Growth YY*

Actual

Forecast

Previous

10.7 %

October 17 21:00 UTC 246246m

KRImport Price Growth YY*

Actual

Forecast

Previous

9.0 %

October 17 23:00 UTC 366366m

KRUnemployment Rate*

Actual

Forecast

Previous

3.8 %

October 18 03:00 UTC 606606m

KRL-Money Supply Growth

Actual

Forecast

Previous

6.7 %

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.