Bitcoin Foundation announces new affiliate in Bangladesh

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The Bitcoin Foundation’s first affiliate in Asia has opened in Bangladesh today on August 15. The affiliate joins several others in countries including Germany, Canada, and Mexico.

According to the World Bank, overseas remittances make up a significant percentage of Bangladesh’s GDP. Bitcoin could potentially play a larger role in the global remittance market if hurdles such as infrastructure are resolved.

Sazeeb (no last name given), the president of Bitcoin Foundation Bangladesh, said that encouraging the adoption of bitcoin will have a positive impact. He is an entrepreneur and musician, according to the affiliate’s website.

Members of the affiliate’s board include Sadia Sultana Mou, Mizanur Rahman, and Jamil (no last name given), who are all entrepreneurs.

Bitcoin advocate and angel investor Roger Ver acts as an advisor. He is the CEO of Memory Dealers and an investor in Ripple, BitPay, and numerous other companies involved in digital currency.

Bitcoin Foundation Bangladesh aims to educate the public about bitcoin, provide resources, and encourage its usage. Its website states that it plans to do so by standardizing, protecting, and promoting the digital currency.

“The Bangladesh team is incredibly passionate about Bitcoin and helping their communities,” said Mark Woods, affiliate director of the Bitcoin Foundation.

Coinbuzz

CoinBuzz provides news and analysis on Bitcoin and other digital currencies. Founded in 2014, the site has quickly become a leading source of information on digital currency technologies, businesses, markets, and regulation.

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