30 Mar '15, 9am

Caribbean Bitcoin Exchange Launches Following $1.5 Million Raise

Caribbean digital currency exchange Bitt has launched today, having secured $1.5m seed funding from local VC group Avatar Capital. The exchange, based in Barbados, is powered by AlphaPoint , an exchange technology platform provider that also offers its solutions to Bitfinex and Cointrader . Also a remittance channel and merchant processing gateway, Bitt claims to have implemented "military grade security", with a multi-signature HD wallet system keeping 95% of customers' bitcoin offline. Gabriel Abed, Bitt CEO, said: "The Bitt exchange is a cornerstone project for digital finance in the Caribbean. By facilitating trade between traditional and digital currency markets, Bitt is creating the platform for very low-cost international commerce and remittance between the people who need it most - the millions of unbanked and underbanked citizens in the Caribbean." Consumers will ...

Full article: http://www.coindesk.com/caribbean-bitcoin-exchange-launch...

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