Bitcoin Satoshi Vision (BSV) trading wallet company HandCash announced its partnership with payments platform Circle and Canadian FinTech firm Fabriik to allow users the opportunity to top up their accounts within the app, according to a Thursday (Feb. 24) press release.
HandCash reached out to both companies with their planned design for the fiat ramps system, the company announcement said. Both companies wanted to help, in part because many of their employees were HandCash users.
HandCash’s goal was to offer an in-app, instant experience that also includes the liquidity, reliability and support of some of the industry’s biggest players. Integrating Fabriik’s Weave API into the client onboarding experience provides BSV liquidity in-app and allows users to easily trade their cryptocurrency.
HandCash believes the partnership with Circle and Fabriik, and the smoothing of fiat ramps as part of the collaboration, will be “a springboard to seeing strong user growth,” according to the company announcement.
HandCash is launching its version 4.0 update and fiat ramp system that came from the partnership with Circle and Fabriik on Friday (Feb. 25) in the U.S. before expanding to Europe and Mexico.
“I would like to personally thank everyone involved — too many to mention — for their professionalism,” said HandCash CEO Alex Agut in the company announcement. “It wasn’t an easy task — and I must recognize we were very demanding — but after a couple of years of hard work, we have finally built the fiat ramps not just the way we intended, but even better.”
According to a March press release, HandCash rolled out Duro, a universal currency for apps and games that equates to groups of 500 satoshis — the smallest unit of bitcoin — with no decimals. That is important to developers, who need to price digital goods in a universal unit. Duros are BSV satoshis, not tokens.
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