Bitt Inc – The Caribbean's Fastest Growing Crypto-Currency Platform
Finding Genius Podcast
Richard Jacobs
4.4 • 1K Ratings
🗓️ 14 June 2018
⏱️ 15 minutes
🧾️ Download transcript
Summary
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. |
| 0:07.6 | Future technologies are always to transform our lives for better or worse or the focus of this podcast. |
| 0:13.3 | Almost here means these technologies are now here and starting to be used. |
| 0:17.8 | We're just around the corner, from Bitcoin to artificial intelligence, 3D printing, |
| 0:22.7 | blockchain, virtual reality, and more. |
| 0:25.8 | Hello, everyone, and welcome to Future Tech Podcast. |
| 0:29.3 | I'm your host, Juliet Lamar. |
| 0:31.1 | We have with us today, Stephen Phillips. |
| 0:33.9 | He's the vice president of special projects at BitInCNC. Welcome, Steven. Hey, hello everyone. |
| 0:41.2 | So why don't you go ahead and let us know what BIT does. What do you do over there? |
| 0:47.6 | Right. So BIT is a fintech company. We're based in Barbados in beautiful Caribbean. And to talk a bit about our products, we offer a cryptocurrency exchange and a crypto wallet. |
| 1:01.1 | And we also offer a mobile money platform, which comprises of a mobile money wallet, |
| 1:09.2 | and also a merchant point-to- to sale app and back office panel as well. |
| 1:15.7 | So those are two main product lines that they offer at the moment. |
| 1:19.4 | Very cool. So your wallet, what kind of coins are available on the wallet and how as easy |
| 1:26.4 | is it to use? So it's a custodial wallet and we only offer |
| 1:31.9 | Bitcoin at the moment. It was really just a gateway to allow users in Barbados in the Caribbean |
| 1:38.6 | to get access to Bitcoin. Yeah, so it's basically just a Bitcoin wallet. |
| 1:48.8 | And you have a new feature called M Money. You want to speak a little bit about that? |
| 1:56.1 | Right. So M Money is our mobile money platform. We deployed this platform to really tackle some of the problems that we have in the financial inclusion in Barbados and Caribbean, |
| 2:02.0 | the broader Caribbean region. So this wallet allows users to exchange physical dollars, |
| 2:08.1 | fiat dollars for M money and they can transact M money with M money merchants. |
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