Remittance Firm Toast Pivots from Bitcoin, Raises $850,000

Singapore-based remittance startup Toast, previously known as Cryptosigma, has pivoted away from bitcoin and blockchain technology and reportedly raised $850,000 (S$1.2m) in seed funding.

The startup – which seeks to facilitate remittances for Filipino workers living in Singapore – announced its re-branding in a blog post in July and said it would for now operate as a "bitcoin invisible" solution.

The post read:

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