Founded in 2014 by George Harrap and Maxine Ryan, Bitspark was one of the early pioneers in leveraging cryptocurrency and blockchain technology for cross-border payments. The company's mission was to provide cheaper, faster, and more efficient remittance services, particularly for underserved corridors in the Asia-Pacific region. They developed a platform that allowed Money Transfer Operators (MTOs) and individuals to send money using stablecoins, bypassing traditional banking systems. Their flagship product was the Sendy mobile app. In March 2020, the company officially ceased operations, citing internal restructuring issues, the impact of the coronavirus pandemic, and the political situation in Hong Kong as contributing factors.