BTL Group partners with Netcoins to launch Canadian in-store remittance

BTL Group Ltd. announced it has entered into an agreement with Netcoins to launch in-store remittances beginning in 19 locations across Canada.

Remittances will be offered under BTL’s Xapcash brand, using Netcoins’ in-store terminals to send funds through BTL’s proprietary money transfer platform, Interbit.

“This agreement is a significant step forwards for BTL, and we believe will be the first time blockchain based remittances have been offered in physical stores. The ability to offer in-store, as well as online remittances, through our Xapcash platform will significantly increase our customer reach, and we are excited to be working alongside Netcoins and their team,” said BTL CEO Guy Halford-Thompson.

BTL Group Ltd. is a technology company and provider of blockchain-based solutions. Netcoins is a Bitcoin ATM company founded in 2014.