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The recipient receives an SMS notification and directions to where he can cash out or simply send it back to his bank account. Along with the new update, the company released a new video as well. The hypothetical outcome from this new application that can be possibly seen to influence Bitcoin is that it could probably bring a lot of traction to market exchanges. The increase of people using the application will eventually raise the demand for bitcoin in the trading market exchanges. Romit also opened the door for new businesses to start operating using the same business model and with new ideas.

What do you think this type of application can do for Bitcoin? Let know your thoughts in the comment section below! Could you be next big winner? I consent to my submitted data being collected and stored. Bitcoin price charts are an amazing sight to behold. Past market cycles that used to look like bubbles that popped and fizzled out, eventually are eclipsed by the next major crypto A soup of optimistic fundamental and technical indicators has led multiple analysts to envision Bitcoin at a six-digit valuation.

All Rights Reserved. We use cookies to give you the best online experience. By agreeing you accept the use of cookies in accordance with our cookie policy. Share Tweet Send Share. Prev Next. Romit, the remittance service that began as bitcoin ATM developer Robocoin, has said that it is shutting down its bitcoin services Robocoin, an early bitcoin ATM manufacturer, is rebranding itself as Romit and debuting new software aimed at the international romit bitcoin remittance market.

Its remittance platform is fully automated to make running a money transfer business easy, with low and transparent fees Romit confirms the removal of service. Romit Sharma. We aim to be one of the largest and lowest-cost producers of bitcoin in North America Romit Sharma. Now the guys at Robocoin have made it more killer. Riot Blockchain Inc. The past of Black Friday is a fascinating romit bitcoin one.

Many people like to invest in bitcoins, but they are confused about how to store bitcoins.