Recently, it became big news that the Federal government sued and temporarily shut down the notorious bitcoin mining company, Butterfly Labs, but a federal judge ruled on Thursday that the company can resume limited operations. We tried to find out what the vague limited operations included, but we were unable to come up with anything.
Beam is a brand new bitcoin company looking to shake up the African remittance industry. They are utilizing Bitcoin’s payment system and borderless nature to give Ghanaians cheaper and quicker remittances. When bitcoins are sent to Beam, Beam will immediately turn the bitcoins into Ghana’s fiat currency, the Ghana cedi, and deliver the money to the recipient through one of Ghana’s various mobile money services.