The Harborly team has been working tirelessly and is thrilled to announce the launch of our Bitcoin purchase and sale services in the United States. Immediately, our proprietary sourcing and trading technologies will enable us to offer prices that are highly competitive when compared to existing solutions. Additionally, we are also excited to announce that we will soon offer “Locked Wallets” globally and give users the ability to lock the price of their Bitcoin to various fiat currencies, including U.S. Dollars. While some of our users look to actively trade Bitcoin and profit from price fluctuations, our Locked Wallets are intended to cater to those who simply want to buy, accept and/or use Bitcoin without worrying about volatility. Harborly is expected to be the first service in the U.S. offering both Bitcoin buying/selling and locking services.
Our U.S. launch closely follows on the heels of the hire of our India team to focus on business development and customer acquisition in the Indian market. In addition to Bitcoin retail services in India, the team is actively working on a remittance solution for the U.S. – India corridor. A large unbanked population in India and heavy inflow of remittances into India from various countries, including the U.S., make India a logical market for a Bitcoin-based remittance solution.
Harborly is currently onboarding customers based in California and Texas and plans to roll out its services to other states in the coming months.
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Harborly will be operating in the United States through its wholly-owned subsidiary, Pangaea FinTech US LLC, a Delaware limited liability company, which is presently in the process of filing Form 107 (Registration of Money Services Business) with the Financial Crimes Enforcement Network (FinCEN). Bank Secrecy Act (BSA) regulations require that such registration be completed within 180 days after the date on which the Subsidiary was established. For state-specific information with respect to money transmission and licensing matters, please click here.