Bitcoin & Mobile Messaging Startups Partner to Tap $500 Billion Remittance Market
Bitcoin and mobile messaging have emerged as tools in addressing the global remittance market to lower the cost of transferring funds across national borders.
This past spring, KakaoTalk, based in Seoul, South Korea, a chat app, purchased a 40% stake in Satoshi Citadel Industries (SCI), a Manila, Philippines bitcoin startup as reported by Quartz. KakaoTalk joins Viber and WeChat in addressing the global remittance market, estimated at $500 billion annually.
https://www.cryptocoinsnews.com/bitcoin-startups-team-with-mobile-messaging-to-tackle-the-500-billion-remittance-market/