Bitcoin Startups Bring Rebittance Service to Argentina and Mexico
Bitcoin startups Volabit and SatoshiTango have opened a money transfer service between their respective countries through a collaboration called Coinnect. Volabit framed the offering as a bitcoin-powered international money bridge for remittances and global commerce that will minimize the bitcoin learning curve. Bitcoin is hidden from the Coinnect user experience. Those wanting to send money via Coinnect need only deal in their local currencies without worrying about bitcoin's price volatility. Volabit co-founder Tomas Alvarez told CoinDesk: "We believe that bitcoin has huge untapped....
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Rebit.ph co-founder Luis Buenaventure recently published a blog post on Medium claiming that Bitcoin does little to help cheapen remittances. While the math-based currency does lower the bar of entry for startups, and local technological innovation could further improve the competitive advantage of so-called "rebittance" companies, Buenaventure argued that most of the cost is currently made in "the first and last mile." While Bitcoin does a great job realizing cross-boarder transfers of money, the distribution of physical cash was the expensive part of remittances all along - a problem....
Bitso, Mexico's first Bitcoin exchange, has revealed to CCN a partnership with Pademobile that will allow all 3 million of the payment company's customers to purchase bitcoins from their mobile phones. The Mexican Bitcoin exchange has claimed they want to "strengthen the purchase and use of Bitcoin in Mexico" with this move. Pademobile is the company that was able to bring Bitcoin acceptance to every 7-11 in the country earlier in the year. Bitso has also announced that credit cards will now be accepted on their exchange platform, which makes them one of the first companies in the world to....
Bitwage has been making a name for itself through its payroll services. Recipients can choose the currency they want to be paid in, whether that is a local currency or Bitcoin. Mexico is a fascinating country when it comes to the remittance market. There is a lot of money flowing from the US to Mexico on a monthly basis. This has caught the attention of Bitcoin company Bitwage, as they expand their service to Mexico. If it is up to Donald Trump, he will ensure no remittance will be possible between the US and Mexico shortly. While those plans may be vastly overstated, Bitcoin companies are....
Bitso, a Mexico-based, Latam-focused cryptocurrency exchange, has launched an initiative that aims to allow Argentines to use crypto for their everyday purchases. The exchange is introducing QR payments directly in its app, which will be interoperable with other platforms already using this method of payment in Argentina.
Bitso Seeking to Drive Crypto Payments in Argentina
Bitso, one of the biggest exchanges in Latam, with more than 5 million customers, is extending its focus on payments in Argentina. The exchange has launched one of the first interoperable QR payment systems of....
The road to worldwide adoption starts with one step. El Salvador took it with their Bitcoin Law. After their announcement, every country in the region seems to be testing the waters in its own way. And now it’s Mexico and Argentina’s turn. If we take out Portuguese-speaking Brazil, these two are the biggest markets in […]