MarilynJean Interactive in talks with Philippines Bitcoin remittance provider

Announcements | October 19, 2015 By:

MarilynJean Interactive announced it has entered into advanced discussions with a provider of Bitcoin-based remittance services.

“We are very excited to be in advanced discussions with this potential remittance partner. They are at the forefront what we expect will be a massive shift in the way global remittances are effected. Their team shares our view that remittance fees are exorbitantly high and that current providers profit excessively by offering poor, often hidden, exchange rates,” said MJMI president Peter Janosi.

In 2014, according to Focus Economics, remittances to the Philippines hit a record high, exceeding USD $24 Billion, accounting for roughly 8.5% of that country’s GDP. Those funds came primarily from overseas workers sending funds home to their families.

“We believe that, in this area, Bitcoin has tremendous promise to disrupt a system that unfairly charges high rates to hard working people who have left their families to work overseas in hopes of providing them with a better life. We believe the growth potential in this sector is massive and that we are on the right track in terms of identifying the right partners who share our vision,” added Janosi.

MJMI is in the business of providing safe and accessible services for the users of Bitcoin and other crypto-currencies.