Backed by Prepaid Airtime Startup BitMinutes Has Raised Pre-ICO Prices

Updated on Jan 31, 2020 at 8:22 am UTC by Daria Rud · 2 min read

BitMinutes, a start-up selling cryptocurrency backed by prepaid airtime minutes, has just increased Pre-ICO prices by 9%. The new price is $0.012 per BitMinute (BMT).

BitMinutes, the cryptocurrency start-up that is going to revolutionize financial services in the developing world, has just increased prices in Pre-ICO by 9%. The increase made up $0.001, which means the price jumped from $0.011 to $0.012 per BitMinute (BMT).

Based in Roswell, Ga., BitMinutes is a start-up fintech company selling BitMinutes, a cryptocurrency backed by prepaid airtime minutes, a real asset already traded globally informally. BitMinutes makes the delivery of financial services in developing economies far more affordable. Its key innovation is combining the ubiquity of prepaid airtime with blockchain technology in order to create an innovative new form of cryptocurrency for mobile financial services.

BitMinutes tokens(BMTs) are powered by a proprietary Smart Token technology. BMTs create secure interoperability between disparate global financial networks, mobile network carriers, and emerging blockchains. This enables the frictionless exchange of value between the different networks.

The BitMinutes team seeks to expand liquidity in markets that already rely on prepaid airtime minutes. Consumers there can use a BitMinutes mobile wallet to formalize transactions, which lays the groundwork for building credit histories and offering affordable micro- and nanoloans that can kickstart local business ventures.

“We are excited about our financial inclusion mission,” stated BitMinutes CEO Tom Meredith. “People have been buying BitMinutes during the Pre-ICO as much to join that mission as to simple purchase an asset that could grow in value.”

Backing up the BitMinutes tagline “Better that BitCoin for Billions,” BitMinutes tokens allow peer-to-peer cash transactions to over 2 billion bank accounts in 70 countries and prepaid top-up to over 4 billion mobile accounts in over 200 countries.

BitMinutes aims at the expansion of micro-credit lending in communities where lending is rare and too expensive for most individual borrowers. BitMinutes ownership and transactional records will establish a new type of consumer credit score for emerging market consumers, who currently struggle with limited access to capital and a lack of traditional banking services.

One of the BitMinutes advisory team members is David Drake, the Chairman of Park Avenue Vision, LLC and LDJ Capital LLC, who is quite positive about BitMinites.

“I see huge potential in this particular cryptocurrency. It is backed by a hard asset, the prepaid airtime minute, that is already traded actively, if informally, in emerging markets around the word,” he said.

Blockchain, News, Token Sales
Daria Rud
Author: Daria Rud

Daria is an economic student interested in the development of modern technologies. She is eager to know as much as possible about cryptos as she believes they can change our view on finance and the world in general.

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