BCTECH LIST – A directory Index of businesses working with Blockchain Technology
Overview of company, product, services, contact details and more.
Bitt Inc. is cited as a driving force in the Caribbean, facilitating the development of blockchain technology for Banks, Governments and major institutions. It believes that by leveraging digital currency, the Caribbean region could become a more integrated economy for the benefit of the citizens.
Bitt.com provides a way to trade legal tender (the U.S. dollars and Euros) for digital assets (bitcoin and ether) and vice versa, as well as to trade one type of digital asset for another type of digital asset. It utilises blockchain and distributed ledger technology to facilitate secure peer-to-peer transactions with seamless mobile money across a suite of Bitt’s Software and Mobile Applications.
The Bitt platform also allows clients to buy and sell digital assets by matching their trades with open orders from other users of its services; offers digital currency conversion services; enables merchants to accept digital payments; and operates as a custodian of bitcoins or other digital currencies transferred to a Bitt Wallet.
Most notably, the company has developed a Mobile Wallet that empowers users to send and receive money globally from their mobile devices or PCs; and send payments for goods or services locally over the Internet or directly to friends and family.
The Bitt mandate for Caribbean-wide financial inclusion extends to those who are not smartphone primed. The Bitt Teller is a physical kiosk that can be a cash-in and cash-out point for those within the ecosystem, while also being a transfer facilitator for those without mobile devices.
Based in Barbados, Bitt Inc. was founded in 2013 by Gabriel Abed and Oliver Gale.
2016, April – U.S. e-commerce firm Overstock makes an initial investment of $4 million, by way if its subsidiary Medici Ventures, specifically set up to develop blockchain-powered solutions to “solve real-world problems.”
2017 – Rawdon Adams, the son of Tom Adams a former Barbados prime minister (1976 to 1985), was positioned as the company’s new CEO.
2017 – Bitt partners with the central bank of Barbados for the advancement of pilot blockchain projects.
2018, 21st February – Premier Donaldson Romeo of Montserrat signs a deal with Bitt to launch a digital payments platform.
2018, 9th March – Bitt sign a deal with the Eastern Caribbean Central Bank to pilot blockchain technology, with the potential of creating a digital currency for the region, which includes Anguilla, Antigua and Barbuda, the Commonwealth of Dominica, Grenada, Montserrat, St. Kitts and Nevis, Saint Lucia and St. Vincent and the Grenadines.
2818, 5th April – The Caribbean Tourism Organization enters into a three year agreement with Bitt, aimed at facilitating the implementation of more efficient payment processes for tourism-related products and services.
2018, 3rd August – Bitt sign a deal with Dutch Caribbean Centrale Bank van Curaçao en Sint Maarten (CBCS)
Bitt is currently in talks with several other Caribbean institutions and governments.
RAWDON ADAMS – CEO
Rawdon’s background is in finance with 25 years public sector, Fortune 500 company and start-up experience. He is the son of Tom Adams, Barbados Prime Minister from 1976 to 1985. He holds degrees in economics and political sociology from the University of South Carolina and the London School of Economics.