BitMinutes Announces Partnership With RED DE EFECTIVO

BitMinutes Inc announces a partnership with RED DE EFECTIVO, one of Colombia’s largest financial institutions. It is a provider of domestic money transfer services as well as prepaid cell phone minutes to millions of Colombians.

RED DE EFECTIVO and BitMinutes are building a partnership where BMTs will be the underlying token to drive fee-free money transfer services and support financial inclusion and microlending to their network of over 20,000 partners nationwide in Colombia.

“We’ve been working on this deal for a long time,” said BitMinutes CEO Tom Meredith. “Now that we have a distribution blueprint we can push our BMT as the ultimate prepaid airtime minute.”

Here is the full press release: