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SureRemit Weekly: New Partnership with StreetLib. (Mar. 01, 2019)
NEW MERCHANTS/MARKETSBoth our partners for India are ready to go live, the administrative issues are resolved and we’ll receive the live API keys shortly. Once received, the vouchers will be available on the platform by next week. The integration of the WeGift voucher portfolio is now finalized and the vouchers will also become available next week. We’re now working on integrating the vouchers for the Turkish market.
Partnership with Streetlib.comGreat news! We’re partnering up with Streetlib. StreetLib is a global publishing facilitator and digital books gateway distributor based in Italy with operational bases in the USA, India and West Africa.
StreetLib manages over 250,000 titles of publishers and authors around the world, acting as a gateway distributor to deliver digital books (ebooks currently, audio later this year) to anywhere in the world, from anywhere in the world.
Streetlib will use the SureRemit platform to sell their (to be created) Streetlib vouchers through which all their services can be purchased. As Streetlib is expanding in the emerging markets, payments to their users (e.g. royalties) can be problematic and high in transfer fees. To solve this, Streetlib users will have the option to receive their royalty payouts and other payments in RMT. The RMT is purchased by Streetlib on an exchange (e.g. SDEX) and then transferred to the user‘s SureRemit in-app account allowing the user to spend RMT on vouchers. The cooperation between SureRemit and Streetlib is unique and establishes another great use case of the SureRemit platform in addition to non-cash remittances.
The official announcement of this partnership will take place during the London Book Fair, holding on the 12th–14th March 2019.
TECHSureRemit App updatesWe’re finalizing the set up of the new payment gateway provider, this requires more time therefore delaying the in-app funding/RMT purchasing with Credit/Debit card. We expect the payment provider to finalize the set up on their end by next week. We will then push the update.
BushaBusha is live and crypto purchases (mostly BTC and ETH) are increasing rapidly, heavy traders are on board and Busha has exceeded the $1 million milestone since launch. API’s are currently being developed.
SureRemit and Busha teams continue to work on the backend solution, we’ll update on the progress in the coming weeks. Their marketing efforts will intensify next week.
EXCHANGESWe’re going over our options in selecting exchanges that meet our strategic goals, including a focus on exchanges that meet current (and expected) compliance and regulatory legislation. Seen the current developments in the crypto landscape we have become more critical on the performance of exchanges and the influence they have on the (price) development of SureRemit.