SINGAPORE, March 14, 2015 (GLOBE NEWSWIRE) -- via PRWEB - Singapore-based CoinPip will be launching an open beta of their new money transfer service at SXSW, which is held yearly in Austin, Texas. CoinPip will launch their user-friendly international payroll app in four countries. Businesses in Singapore, Hong Kong, Indonesia, and the USA, can start sending money to their remote workers in Indonesia using this app quite easily. CoinPip leverages bitcoin to transfer money from one country to another at great ease where both the senders and receivers do not need to know about bitcoin.

"Bitcoin is moving on. The power is not just in the currency, but in the technology." says Anson Zeall, Co-founder/CEO of CoinPip.

He added further, "'Painful' is the only word described by remote workers regarding the process of receiving funds.''

CoinPip will expand to more countries, such as UK, Kenya, Malaysia, Turkey and the Philippines and add more deposit channels in the coming months. The service will launch as an open beta at Simultaneously with this launch, CoinPip is also rolling out a payment service to China through a partnership with Melotic, a China-based bitcoin company. Both Melotic and CoinPip are companies backed by 500 Startups.

The company will also launch a re-designed merchant platform for retail merchants that want to accept bitcoin in Asia. It has an easy user interface which is simple to handle by any retail merchant. Merchants simply need to visit and sign up for an account there.

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CoinPip Pte Ltd
Anson Zeall

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