Beam shuts down international Bitcoin remittance services

FinTech | September 16, 2015 By:

Beam has announced to shutdown its international Bitcoin remittance services.

“With a heavy heart, we have decided to discontinue our Bitcoin remittance service. However, this is not the end of Beam. We are working on other exciting services enabling Ghanaians in the diaspora to care for loved ones back home,” said Beam.

Reports said that Co-owner Nikunj Handa has left the business and Co-owner Falk Benke has preferred to pivot the company into gift and bill payment services in Ghana. Both the owners have shied away from explaining the true reason behind their decision to ditch Bitcoin.

Benke said that they haven’t sidelined Bitcoin entirely, as he still believes in its potential in the African markets.

Beam is a Ghana based remittance company.