Bitcoin wallet Caricoin Ltd. has launched its first mobile money wallet to Caribbean users for bitcoin transactions and payments.

The mobile wallet has been developed in collaboration with BitGo, the leading security platform. The app enables anyone to open a bitcoin wallet and takes mere seconds for activation upon downloading. It is open for users across the Caribbean who do not have access to traditional banking. The transactions are completely secure and totally private.

Talking about the new launch of first of its kind app in the Caribbean, Karsten Becker, CEO, Caricoin told in the press release that, “Much in the way email changed the world by making communication fast and cheap, bitcoin is changing the world of digital finance and reshaping how we perceive, manage and store our money.”

Caricoin mobile wallet is engineered with a social workflow that puts people at the heart of all transactions. It adds chatting facility to streamline communication between senders and receivers and also comes with the ability to immediately top up mobile phones with pre-paid minutes anywhere within the Caribbean.

The company aims to accelerate as well as encourage financial inclusion with the help of a mobile money ecosystem based on a single currency that can easily be used by anyone across the Caribbean. 

Apart from this, the company is also building a zero-cost remittance corridor for members of the Caribbean community diaspora, who are working overseas to support their families.

UK-based company Caricoin Ltd is focused on transforming the Caribbean’s economy by delivering a secure, user-friendly and less costly way of storing wealth and moving it around. 

Based in Palo Alto, BitGo is the global leader in Bitcoin security and a pioneer of multi-signature technology. It launched the first ever multi-signature Bitcoin wallet in 2013.