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Bitcoin startup Caricoin has announced the launch of a bitcoin wallet application that it deems as the first “social mobile money platform” in the Caribbean.
UK-based Caricoin Ltd has released a bitcoin wallet as a mobile money solution for Caribbean users. The application and technology has been developed following a partnership with Californian Bitcoin security firm BitGo, an early developer of the multi-signature bitcoin wallet.
The app brings together elements of a social messaging platform infused with remittance via bitcoin. The app enables users to gain a bitcoin wallet immediately after downloading the application. A user will simply need to link his or her mobile number to the application without any KYC (know-your-customer) guidelines, thus enabling users to send or receive bitcoin in seconds.
The Global Findex, compiled by the World Bank totals nearly 50% of the Caribbean