The Start-up 37coins which works on Bitcoin remittance announced closure.
The company announced that they are stopping the service of itself and the application of the message Bitcoin wallet.But the users still have time to withdraw the BTC from the message wallet before December 30,2015.
The first show of 37coins was at an exhibition called Plug and Play in silicon valley,where many Bitcoin start-ups converged.The CEO of 37coins Jonathan Zobro made an enthusiastic presentation to show what his company was working on. Jonathan said that the initial target of the company was to realize low-cost Bitcoin transactions via mobile phone.But the project has suffered resistance in the development which is proved insolvable.
The company said:We have a wonderful wish,but we can’t provide a high quality product which can satisfy the market demand.We find that it is unreliable to send and receive messages between different operators outside United States.Finally we have to give up our initial target without enough money.