We need to close the gap between physical cash and cryptocurrencies.
In the developing world, converting $100 in physical cash into crypto continues to be challenging for the average customer.
The cryptocurrency world has come a long way since the Bitcoin whitepaper in 2009. Now everyone has heard of Bitcoin, but in developing countries, nobody knows where to buy it. Scammers abound, and as public awareness increases, there is an urgent need for simple venues to buy and sell cryptocurrencies safely.
Over-the-counter (OTC) brokerages, order book exchanges, and wallet apps are popular channels for those who are more comfortable with technology, but they struggle when dealing with small amounts of physical cash.
Money changers are the perfect entry points into the crypto world
Local forex outlets are safe, familiar, regulated and, highly liquid. They are perfect street-level conduits into the cryptocurrency world for the average consumer.
With new regulations offering further clarity around virtual currencies, it is now possible for Money Service Businesses to extend their service offerings and open new retail channels by dealing with cryptocurrencies in a compliant fashion.
South East Asian FX Market
Licensed FX outlets in Southeast Asia
is launching a money services platform for traditional forex and remittance agents to deal with cryptocurrencies.
BloomX helps Money Service Businesses become more competitive and open a whole new line of business with cryptocurrencies.
Application and Services Ecosystem
Access to an ecosystem of applications and services created by qualified third-party developers.
The exclusive payment option for accessing crypto tools and services on the BloomX platform
As the array of BloomX products and services grows, participating businesses will gain instant access to these tools to further develop their crypto sales channels and acquire more customers.
Money Service Businesses acquire BX8 to pay for each trade, remittance, and any other services offered by 3rd-party apps on the BloomX platform.
Application developers can offer their tools and services to all the MSBs on the BloomX network, and set prices and receive payments in BX8.
- Private token sale
- BloomRemit network begins using BX8 token
- Token listed on Stellar DEX
- Internal alpha of Teller and Wallet applications
- Commercial pilot of Teller and Wallet apps at partner outlets in the Philippines
- Cryptofinancial literacy seminar in Hong Kong
- Teller and Wallet SDK for third-party developers
- Commercial pilot with partner outlets in Hong Kong
- BloomX Network API for third-party developers
- Commercial launch in other major cities in the Philippines
- BloomX Network launch
- Commercial pilot with partner outlets in Indonesia
- KYC app launch on BloomX network
- Commercial launch in provincial cities in the Philippines
BloomX is brought to you by
Blockchain-based remittances pioneer
Bloom Technologies was founded in October 2015. It powered its first commercial transaction in January of the following year, and has since enabled over US$125,000,000 in remittance volume through its network.
The Bloom network currently provides remittance businesses and fintech startups alike with homogenous, real-time API access to disburse via 39 banks and cash delivery providers in the Philippines, and 135 banks and payout channels in Vietnam.
Legal and Compliant
Licensed to provide Virtual Currency Exchange services. Regulated by the Central Bank of the Philippines
Remittance and Trading Volume
Registered in Singapore, Australia and the Philippines
Google Developers Launchpad
Selected July 2017
Bloom is one of a handful of startups selected for the Google Launchpad program, a business accelerator that invests in companies building solutions for some of the world's biggest problems.
Stellar Development Foundation
Official Partner 2017
Bloom is an official partner of Stellar, an organization promoting global financial access, literacy, and inclusion. Stellar accomplishes this by expanding worldwide access to low-cost financial services through the development and maintenance of technology and partnerships.
Founder, Chief Executive Officer
Israel blends a background in engineering, entrepreneurship, and international humanitarian development. He has led cross-cultural teams and organizations in Australia, Mozambique, United States, and the Philippines and is passionate about using technology and business for social impact.
As an engineer, he has worked on hardware and software projects in language processing, network routing and speech recognition. As an entrepreneur, he led the product development for two early-stage startups in Boston - Gively and Fusings. As a development worker, he oversaw aid programs and emergency responses in Mozambique and the Philippines.
Founder, Chief Strategy Officer
Luis is a Filipino serial entrepreneur, and a prominent author and public speaker in the remittance technology and cryptocurrencies space. He has been a blockchain evangelist since 2014, and published the book Reinventing Remittances with Bitcoin in early 2017.
He has presented on the subject at venues that include the United Nations Global Forum for Remittances, Investment, and Development (GFRID) in New York, the World Crypto Economic Forum (WCEF) in San Francisco, the Brookings Blum Roundtable in Aspen, International Money Transfer Conference series (IMTC), BlockFin Asia in Ho Chi Minh City, and the Latin American Bitcoin Conference (LABitconf) in Bogota.
In 2018, he was cited as one of the 50 Most Influential Payments Professionals at the World Payments Congress in Mumbai. He is a prolific illustrator and publishes his work at Cryptopop.net.
Chief Technology Officer
Ramon draws from his experience ranging from education, to startups, to software development of large complex systems involving several teams. He leads the engineering initiatives for both Bloom’s own Blockchain platform and its institutional partners. An early Bitcoin advocate, his interests are in properly applying the technology in a practical, sustainable way to traditional industries. He has presented on various topics in dozens of programming, banking, fintech, and blockchain events and conferences.
Chief Operations Officer
At Bloom, Justin has played a key role in the company’s front-end business operations; from establishing Bloom’s relationships with prominent investors to building trusted rapport with institutions and regulators. Having a background in law and commerce, Justin has specialised in corporate law, accounting, and auditing. He has worked in several industries in Australia, the United States and South East Asia. Having presented in several industry events, Justin has been instrumental in bringing blockchain technology and cryptocurrencies to the attention of many Filipinos.
Partners and Advisors
Bloom is directed and supported by a network of partners, advisors and industry veterans
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