BitX - Definition from the Hotspot Shield Encyclopedia

BitX is a company that is based in Singapore and also has worldwide operations in Nigeria, South Africa, Kenya and Malaysia.

The BitX Company operates as a Bitcoin storage facilitator, a mediator for Bitcoin transactions, an exchange service for Fiat (conventional) money into Bitcoins and also provides a Bitcoin wallet service. The business was established in 2014 and used an extensive funding seed to raise around 5 million USD for its initial development. Among the businesses services include a consumer Bitcoin Wallet, and Bitcoin exchange services in 5 different countries. They also maintain an application programing interface that developers can use to create Bitcoin applications. The company was responsible for facilitating one of the first digital currency integrations into a payment processor.