With Positive Reports for First Months

New Bitcoin related businesses starts up more or less every single day and while we only hear about a few of them, many have some success without reaching mainstream media’s attention, while most close down relatively fast due to not being able to profit or targeted a market that really didn’t exist.

Now released the data for their first two months of operation, showing not only great figures trading wise, but also user wise. reports that has had worth $1,000,000 in transactions, equal to around 2,400 Bitcoins, having a total of 5,000 users registered, who did 23,000 transactions in total. Notable is that all users making transactions also used the two-actor authorisation system installed by BitcoinWallet.

“We have a growing density of users in developing regions where bitcoin offers convenience and cost advantages over traditional banking and remittance services,” Price Givens, Co-founder of said. “In particular we see adoption of our service in Africa, Indonesia and India” he added. is based out of Orange County in sunny California and started only a few months back, with the help of a investment capital. The site aims to become a competitor to the lucrative Bitcoin wallet market online and provide security and user-friendliness to users.

“The fact that our users have transacted over $1,500,000 [not based on current exchange rate] through our system serves to further confirm the viability of bitcoin as well as the benefits of and our instant user to user transfer feature,” Co-founder of, Alex Charfen said.

Daniel Allermand

Daniel Allermand is a freelance writer, with more than 4 years of experience in the industry as an operator, affiliate and poker player. Daniel has decided it was time to try and bring more coverage about the industry to the general public by writing articles about everything from poker to casino.  

Recent Posts

Ripple’s XRP is skyrocketing as the team celebrates three wins in a row in its SEC lawsuit

This Friday, U.S. Judge Sarah Netburn granted Ripple’s motion to keep its CEO’s financial records private after the Securities and Exchange Commission…

21 hours ago

SEC’s Crypto Mom is calling for the U.S. to catch up and considers a ban on Bitcoin foolish

According to Hester Peirce, an American lawyer and Commissioner at the US Securities and Exchange Commission (SEC), a government ban…

22 hours ago

Bloomberg expects Bitcoin price to land on $400,000 in this halving cycle

In the latest edition of its monthly “Crypto Outlook,” Bloomberg, senior strategist Mike McGlone reports on the bullish narrative around bitcoin…

22 hours ago

Coinbase high valuation is not a “done deal”, as analysts issue some caution ahead of its direct listing

Looking ahead to next week’s Coinbase direct listing, analysts conclude that by no means it is a “done deal” game…

23 hours ago

Bitcoin’s adoption is at a “tipping point”, according to Fidelity Investments Executive Tom Jessop

During an interview at Marketwatch and Barron’s “Investing in Crypto” event, Tom Jessop, Head of Fidelity Digital Assets at Fidelity…

3 days ago

Cardano’s Alonzo upgrade is expected to be live by end of summer

In a blog post that was announced on their Twitter page on Thursday, The Input Output HK (IOHK) team outlined…

3 days ago