Rebittance service introduced in Argentina and Mexico by bitcoin exchanges

Coinnect is a money transfer partnership introduced by Mexican and Argentine bitcoin startups Volabit and SatoshiTango.

Volabit structured the partnership as an international bitcoin-oriented means for remittances, which will reduce the bitcoin learning curve.

Individuals who wish to send money through Coinnect require only to conduct the transaction in local currencies devoid of stressing over the price volatility of bitcoin. 

Tomas Alvarez, co-founder of Volabit told CoinDesk, "We believe that bitcoin has huge untapped potential to change international money-sending beyond traditional remittances. Due to the inertia of old habits and trust lacking in new technologies, however, bitcoin services have failed to meaningfully compete against existing services thus far."

By introducing a system of bitcoin businesses, which will allow digital currency-based transactions internationally, Coinnect wants to reach out to mainstream adoption of bitcoin.