Bitt Inc – The Caribbean’s Fastest Growing Crypto-Currency Platform

Finding Genius Podcast

Richard Jacobs

Medicine, Health & Fitness

4.4 • 1K Ratings

🗓️ 14 June 2018

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Bitt is a Financial Technology company that utilises distributed ledger technology to improve speed, efficiency and significantly reduce the costs of the payment system.
The Bitt mandate for Caribbean-wide financial inclusion extends to those who are not smartphone primed.
The Bitt Teller is a physical kiosk that can be a cash-in and cash-out point for those within the ecosystem, while also being a transfer facilitator for those without mobile devices.
The Bitt Wallet is the sole consumer access point to the entire Bitt ecosystem. It allows users to send and receive money globally, and process transactions from the convenience of their mobile device or computer.

Transcript

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0:00.0	Welcome to Almost Here, Around the Corner of Future Technology Podcasts with Richard Jacobs.
0:07.0	Future Technologies
0:08.0	Boys to transform our lives for better or worse are the focus of this podcast. Almost here means these
0:14.8	technologies are now here and starting to be used or just around the corner for
0:19.6	Bitcoin to artificial intelligence, 3D printing, blockchain, virtual reality, and more.
0:25.0	Hello everyone and welcome to Feature Tech Podcast. I'm your host Juliet Lamar.
0:30.7	We have with us today Stephen Phillips, he's the Vice President of Special Projects at Bit I and C.
0:38.2	Welcome Stephen.
0:39.3	Hey, hello everyone.
0:41.3	So why don't you go ahead and let us know what it does? What do you do over there?
0:47.1	Right so bit is a FinTech company. We're based in Barbados in beautiful Caribbean and to talk a bit about our products.
0:56.7	We offer a cryptocurrency exchange and a crypto wallet and we also offer a mobile money platform which comprises of a
1:07.2	mobile money wallet and also a merchant point of sale at and back office panel as well. So those are two main
1:16.9	product lines that we offer at Boom. Very cool. So your wallet, what kind of coins are available on the wallet and how is easy is it to use?
1:27.0	So it's a custodial wallet and we only offer a Bitcoin at the moment. It was really just a gateway to allow users in Barbados in the Caribbean to get access to Bitcoin. Yeah, so it's basically just a Bitcoin wallet. And you have a new feature called
1:46.4	M Money. You want to speak a little bit about that? Right, so M Money is our mobile money
1:50.8	platform. We deployed this platform to really tackle some of the problems
1:57.9	that we have in the financial inclusion and Barbados and Caribbean, the broader Caribbean region.
2:04.0	So this wallet allows users to exchange physical dollars,
2:08.1	fiat dollars for M money, and they can transact and money with money merchants.
2:14.4	That's basically in a nutshell how it works.
2:16.6	When they do that, it's really providing a service.
	...

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