Incas, Gold and Bitcoin. Story of InkaPay, South American Blockchain Platform for People
Founders of a South American Blockchain platform InkaPay tell Cointelegraph about how it was launched and how it penetrates to the the areas where many unbanked people live. BitInka was founded in Nov. 2013, in Lima, Peru, by a group of entrepreneurs and it took a whole year to develop the platform. BitInka’s first goal was to deal with Blockchain technology as a local exchange. After the project was started, its founders had to put it on hold for almost half a year due to lack of initial funds. Restrictions. After half a year of sitting with the initial project and traveling around South....
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In recent weeks, we have seen an increased level of interest in Bitcoin in South American countries, such as Argentina. Is this the beginning of a Bitcoin boom in South America, or should we be more realistic? South American Governments Wary of Bitcoin. South American countries are notorious for their history financial instability. Not only are most countries plagued with hyper-inflationary local currencies such as the Argentine Peso, but citizens are also having a hard time obtaining any other currency from the government. By locking down people in a very tightly controlled ecosystem,....
Hlengani Mathebula of the South African Reserve Bank warns people for the dangers of using and trading Bitcoin. The story of Bitcoin's regulation continues. Today's turn goes to beautiful country South Africa. The government had been talking about Bitcoin for some time now. They even ran a 'Bitcoin trial'. In terms of willingness to accept, we love the idea of a trial. It beats saying no from the start without even considering. Internal testing. The South African Reserve Bank is responsible for considering Bitcoin's regulation. After reviewing the results of the Bitcoin trial, they decided....
BitGold Inc. has announced the public launch of the BitGold platform, a software service that connects gold storage with payment networks, resulting in a banking-like platform for gold. The announcement refers to the BitGold platform as a "new global operating system for gold." In fact, BitGold is a digital payments platform that connects gold stored in real-world vaults with online payments. Though the BitGold press release emphasizes that BitGold is not a cryptocurrency like bitcoin, there are similarities. In particular, the BitGold platform allows for the quick settlement of gold....
The Winklevoss Twins have described Bitcoin as better than gold because it experiences ‘a lot less volatility’ and is a better store of value at the moment. They cited a Wall Street Journal story in May which described how the virtual currency has been more stable than gold over the last 28 days. Tyler Winklevoss said: “So I think investors who have gold in their portfolio and other precious metals have started to look to Bitcoin as a better store of value. It’s got better characteristics than gold itself. So it’s actually better at being gold than gold. We are seeing investors recognise....
Idea.me, a regional crowdfunding platform in South America, has embraced bitcoin payments. Although the platform uses a Montenegrin domain, it's an Argentinean outfit currently available in seven South American countries. In fact, Idea.me is the only regional crowdfunding platform in South America, according to TechCrunch. So far, the company has managed to raise $750,000 and it hopes to raise a further $2.4m in Series A funding next March. To date, the platform has funded over 450 projects using an estimated $2m. Idea.me recently added bitcoin as an alternative to more traditional payment....