IN THE NEWS
Featured Publications
American Banker, "Remittance startup uses bitcoin as a bridge between bank accounts"
[T]he problem bridge21 seeks to solve is real. Remittances are costly, and the poorest or more desperate people are often charged the highest fees.
Bitcoin Magazine, "The Art of Building Bridges to Cross-Border Payments"
Today, bridge21 is delivering what they believe will be a high demand service serving as the intersection between the purchase and sale of bitcoin for every transaction, without either the sender or receiver ever engaging with bitcoin. And all without the associated volatility and custodial concerns.
PYMNTS, "bridge21 Using Bitcoins For Remittance To Mexico"
Nevertheless, the problem bridge21 wants to solve is a real one. Sending money is costly for the poorest people who are often hit with high fees.
Cronkite News Arizona PBS, "Money from relatives in U.S. sustains many Mexican families"
But companies like bridge21 are already using technology to make remitting cheaper... bridge21's app allows people to send money to Mexico by selling and buying bitcoins, although the user never actually has to deal with bitcoins because the app does it for them.
Finextra, "Money mover bridge21 widens US banking support"
On average, bridge21 provides a savings of about 5% over the competition. This means a customer sending $500 a week could save around $1,450 a year using bridge21, and if they wait for better-than-market rates, it can be a lot more. It's worth a few minutes of time to sign up at bridge21 if you send money to Mexico.
Finder.com, "Bridge21 Offers Competitive Exchange Rates"
[bridge21] scores well on customer service and an intuitive design that smooths the transfer process. It's an interesting money transfer specialist that skirts banks altogether, using bitcoin to simultaneously buy and sell currency, resulting in quick, low-cost bank-to-bank transfers at minimal fees.Press Kit
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