Argentinian Bank to Use BTC For Cross Border Payments

Banco Masventas joined forces with Bitex exchange to use Bitcoin as an alternative for SWIFT
22 May 2018   1482

Banco Masventas from Argentina announced that starting it will allow its customers to send cross-border transfers using bitcoin, CoinDesk reports.

The regional bank entered into an agreement with the Latin American exchange Bitex, founded in 2014, and will use bitcoin as an alternative to Swift.

The representative of the exchange said that this cooperation was the first example of the use of bitcoin by a local bank for cross-border payments.

The main shareholder of Banco Masventas, José Dacak, said that the latest solution will contribute to the development of digital banking services, including those targeted at mobile devices, and will reduce the cost of servicing cross-border payments.

One of the actions was to contract Bitex as a strategic partner in the implementation of the Bitex platform for payments and collections operations for our clients abroad.

José Dacak

Principal shareholder, Banco Masventas

The bank has not yet committed transactions using Bitcoin, as the service starts to operate only today, Bitex representative explained. 

Casa to Launch Lightning Node Mobile App Called Sats

Casa to Launch Sats App With Lightning Network Support
04 July 2019   931

Casa startup, specializing in the creation of secure storage systems for private keys, introduced a mobile bitcoin application Sats App, which makes it easy to manage Lightning-node.

Sats App is positioned as a non-custodial bitcoin wallet "with unique functions." According to Casa CEO Jeremy Welch, the SatsBack reward program will soon be launched, under which users will receive small amounts in BTC. For example, for connecting an application and a Casa Node device to each other, the user will receive 20,000 Satoshi.

Features are focused on increasing adoption of bitcoin and lightning nodes. You will be able to earn bitcoin if you don’t have a Casa node, but you will be able to earn bitcoin faster if you have a node.

Jeremy Welch 

CEO, Casa

He also added that the application, available for iOS and Android, is “secure, private and connects via Tor”.

According to CoinDesk, the startup earlier raised $ 3.5 million from Castle Island Ventures, Boost VC and Compound, and several other investors. Currently, a startup staff of 25 people serves users from 60 countries.