Coincove Uses Bitcoin to Make Remittance Easier in Latin America
Coincove customers can now take their fiat currency to a local bitcoin dealer and send it overseas.
Hosting a bitcoin hackathon is a way for Boost VC to encourage new business ideas within the cryptocurrency industry.
Many in the bitcoin industry take its potential in the remittance services space for granted, but problems lie ahead.
The startup now provides the Mexican market with a wallet and exchange service, converting peso bank transfers into bitcoin.
Although bitcoin can be volatile when exchanges go down, that doesn't include devaluations commanded from a central authority.
Bitcoin startups pitched their big ideas to 100+ investors on Tuesday, at a demo organized by incubator Boost VC.