Today there are literally billions of people who can’t afford to access basic financial services, pay for their education or get a loan. The services that are available to them are typically expensive, but they do now have something that virtually all of us have in our pockets: a smartphone.
The Gates Foundation has reported that 2.5B people have a smartphone but can’t access financial services. That’s a huge number of people who can’t lift themselves out of poverty by getting a loan or saving money with the bank.
Founded by three friends, from the start our goal with Bitit has been to help everyone access financial services and manage their financial well-being, no matter who they are, no matter where they are.
We’re proud today to launch a brand new Bitit platform to help our 200,000 users access the leading cryptocurrency assets without headaches.
Cryptocurrencies are shaping the future of money
Cryptocurrencies + smartphones are giving billions of people access to the financial services enjoyed by many in the developed world.
But in order to access these next-generation financial services, people will need to start buying digital currencies, the first step in accessing the decentralized world.
Since Bitit’s inception, our aim has been to build the bridge between the worlds of fiat and cryptocurrency. That means adding as many countries and payment methods as we can. It means building strong relationships with regulators and banking partners to connect to the traditional financial world. It also means making a product that is fast and easy to use, secure, and trusted.
We are on a mission to make cryptocurrency purchases frictionless for everyone.
We’ve been working hard and wanted to share some product updates on the new Bitit platform.
Access the leading cryptocurrency assets in minutes
Since its inception in 2008, Bitcoin has grown into a technology, a currency, an investment vehicle, and a community of users. Payments are non-reversible, accounts cannot be frozen, it allows for fast payments all over the world, low transaction fees and much more.
Bitcoin has grown to a market capitalization of over $300 billion, and growing daily transaction volumes.
But it’s not the only cryptocurrency out there. We’ve now diversified our cryptocurrency portfolio, giving you instant access to one of the rising stars of the crypto space: Ethereum.
Much more than money, this cryptocurrency project was released to the world as a new kind of programming platform, a new way of delivering decentralized applications through its own token called Ethereum.
And soon, forward-thinking tokens such as Bitcoin Cash, Ethereum Classic and Litecoin purchases will also be possible through the Bitit platform.
Go beyond credit cards. Use local payment methods and local currencies.
If your company is based in a developed country you might be forgiven for thinking that your users are happy paying through a credit card-based system. But credit cards and wire transfers aren’t really relevant for a growing user base coming from all parts of the world.
The reality for many markets is that cash and local payment methods are king. That’s why we work with top payment specialists in each country we are operating in.
We address underserved markets by proposing local payment methods, local currencies and native languages.
From today you are able to pay by choosing your local currency from among 7 possibilities: USD, CNY, EUR, GBP, DKK, NOK and SEK.
Enjoy a fluid e-commerce purchasing experience
We can’t say enough about how cryptocurrency exchanges nearly drove us crazy: outdated tools, poor customer service, lack of understanding…
We see cryptocurrencies becoming commodities when user-friendly interfaces such as Bitit are widely available to customers.
People will move large amounts of money into cryptocurrencies, and the incoming flow of users will need a user-friendly platform to access the leading blockchain assets in minutes.
That why we founded Bitit. We will get you started with one thing: How to acquire cryptocurrencies in minutes through a simple and intuitive e-commerce platform.
We look forward to your feedback! ❤
The Bitit Team