Rhino Bitcoin Inc., announced strong growth of its mobile application and the successful deployment of its Satsdrop marketing promotion.
Over the last month, installs for the Rhino Bitcoin application have grown by 36%, driven by strong positive response to Rhino Bitcoin’s messaging updates around zero fees, expansion of remittance services into Mexico, partnership with Arch Lending for loans and the successful deployment of the SatsDrop game.
This continued growth comes alongside growing institutional and nation-state adoption of Bitcoin, putting Rhino in a strong position to lead an impactful technology shift as the world begins to embed Bitcoin into mainstream financial architecture.
Examples of this shift include Morgan Stanley recently integrating the option to buy Bitcoin in its ETrade platform, allowing 8.6 million ETrade users get their first taste of buying real bitcoin. Goldman Sachs has filed to list a Bitcoin ETF. The Senate Banking Committee passed the Clarity Act in a 15-9 vote, with two Democratic senators joining a strong bipartisan vote, setting up a vote before the full Senate. The Clarity Act formally defines which cryptocurrencies are securities and which are commodities, creating official US policy on the growing acceptance and adoption of Bitcoin.
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SatsDrop
Rhino recently launched SatsDrop , a free Plinko-style game that allows users to win up to 100,000 satoshis (A satoshi is a fractional unit of Bitcoin). Due to its success and the game’s ability to bring users to the Rhino platform, Rhino has decided to extend the game and is working to add more exciting prizes and features to make it even more viral. The Satsdrop game has seen a surge in interest, with hundreds of users joining in the last month alone.
Creator and Community Program
Rhino has launched a Creator and Community Program and is reaching out to leading Creators in the Bitcoin community to spread the Rhino message of bringing Bitcoin to everyone. Rhino has already secured promotion among some of the largest voices in macroeconomics and Bitcoin, driving installs and brand awareness. By focusing on Bitcoin events, meetups, and creators, Rhino aims to build on this momentum.
Continued Growth in Remittances and Global Reach
Rhino launched its US-Mexico remittance rail, allowing Rhino users to send money nearly instantly to their family in Mexico at the most competitive rates. Payments use Bitcoin, but settle in the recipient’s local currency. Mexico’s remittance corridor with the United States is the largest among American corridors and represents $62 billion in annual value – an amount that is increasingly becoming digitized as people send more digital transfers rather than cash.
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