THELOGICALINDIAN - With these words and in advanced of a accessible of experts Bit2Me started the 5minute angle and demoof Hive a artefact that has been developed by the Spanish startup Bit2Me The artefact became apple best some hours after at the Fintech Americas appointment one of the best important banking contest of the world
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Editor’s note: This commodity was provided and accounting by Leif Ferreira, CEO of Bit2Me.
Leif Ferreira (CEO and architect of the company) and Bogdan Stirbu (co-founder of the Hive division) presented their artefact on the 21st of October at the hackathon organized by Cobiscorp, from Fintech Americas, to an admirers composed of added than 400 key banking companies. They competed with two added teams from India and Peru, which were called out of teams of added than 150 countries. Each aggregation presented a band-aid to advance the accepted bearings of international remittances.
Finally, the Spanish aggregation becoming aboriginal abode with Hive, activity aback home to Miami (United States) with a $10,000 check.
What is Hive? In its founders’ words:
In a apple area there are anytime added bodies active alfresco of their countries, it is estimated that the 2024 all-embracing remittances absolute will beat $1000 abundance and costs the users added than $60 trillion.
About the acclaimed Bill Gates’ adduce “Banking is necessary, banks are not,” Leif Ferreira adds:
Hive is not a cryptocurrency. Hive is a adaptable buzz appliance that uses the Blockchain beneath with already absolute cryptocurrencies, but all this in a cellophane and user-friendly way. The user sees in the appliance a antithesis with a accustomed currency, like euros, dollars or pesos. People can use a bounded arrangement of Human ATMs to add funds to their accounts and accomplish with them. When absent to abjure cash, you acknowledgment to their bounded arrangement that is covered by a able social basic and not accept to anguish about accepting their funds attenuated by the archetypal fluctuations of the cryptocurrencies acknowledgment to the developed technology.
Bogdan Stirbu mentioned in his angle that:
We accept to bethink that nowadays, there are countries area the anniversary costs of a coffer annual outweigh the costs of a Smartphone with an internet connection.
To accelerate money, acceptable remittance companies are generally big-ticket and slow. For example, is it not the aforementioned to accelerate $50 as it is to accelerate $500? The costs are not proportional, and can become abutting to a 20% commission, accepted carefully in the micro-remittances space.
Bogdan Stirbu tells us.
Hive will now advance a focus on the development of its artefact and will focus on fundraising to booty the artefact to the abutting level. They are developed by Bit2Me, a Startup that is not new in Blockchain technology. In January 2015, more than 10,000 acceptable ATMs were affiliated to Blockchain for the aboriginal time in the world, putting Spain in the arch positions of this abstruse innovation. Furthermore, it was awarded as Best Startup 2015 by “Caixa Bank” and “Actualidad económica” (http://blog.bit2me.com/es/bit2me-premio-startup-2015/), and was additionally arrive to Brussels by the European Commission to admonish and appearance its point of appearance on the Blockchain technology
What do you anticipate about Hive? Let us apperceive in the comments below!
Images via Hive.
