BTL Group Ltd. has announced that it has entered into an agreement with Netcoins Inc. to launch in-store remittances beginning in 19 locations across Canada. Remittances will be offered under BTL’s recently acquired Xapcash brand, using Netcoins’ in-store terminals to send funds through BTL’s proprietary money transfer platform, Interbi. Through its Xapcash brand and this agreement with Netcoins, BTL’s blockchain technology hopes to offer seamless money transfer online and in-store.
Guy Halford-Thompson, CEO of BTL, commented: “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.”
BTL and Netcoins have begun the integration and testing process to bring blockchain based remittances to physical stores, and. The first stores are expected to go live at the end of April 2016, with further store locations to be opened in the future.
Netcoins’ founder and CEO, Michael Vogel stated: “We are very excited to be working alongside BTL to bring cost effective money transfers to physical stores. The combination of BTL’s money transfer technology and the Netcoins platform will result in a unique remittance platform with significant advantages over existing services.”