BitPagos is Bringing Bitcoin to the Developing World
BitPagos wants to bring Bitcoin to merchants in the developing world. While BitPay and Coinbase are bringing Bitcoin solutions for merchants in the United States and other western nations, BitPagos is focusing on a part of the Bitcoin ecosystem that may actually be more important in the early days of Bitcoin adoption. Many Bitcoin critics like to point out the fact that most merchants immediately exchange their bitcoins for dollars after receiving them as payment, but BitPagos is actually working on a system that would help merchants move in the opposite direction. Instead of leaving the....
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BitPagos has raised more funds from Barry Silbert and others to bring Bitcoin to South America. BitPagos, the company that is trying to help merchants in developing countries who wish to escape their local fiat currencies, has announced a new round of investments from the likes of Pantera Capital, Tim Draper, Barry Silbert, Boost Bitcoin Fund, and more. This merchant processing service first launched out of the Boost.vc startup incubator, and it has quickly turned into one of the most promising companies in the business when it comes to increasing the everyday use of Bitcoin around the....
Latin American bitcoin merchant payment processor BitPagos has acquired Argentinian bitcoin exchange Unisend, to provide bitcoin exchange and trading services on its bitcoin purchasing platform Gravel. BitPagos launched Gravel in August 2014 to enable its users to purchase bitcoin at more than 8,000 Argentinian convenience stores. During that time, BitPagos CEO Sebastian Serraon told Coindesk, "You can go to any location, give them your account in Ripio and the amount of pesos you want to get in bitcoins. Boom: You have some bitcoins." The acquisition of Unisend will allow the company to....
BitPagos, who has successfully launched Bitcoin service in Argentina is now expanding into South America's largest country, Brazil, with the release of Ripio.com. Ripio allows anyone living in Brazil to be able to make Bitcoin purchase orders through their website, and with a basic bank slip, can buy Bitcoin at thousands of locations throughout Brazil. Also read: "Argentina: Bitcoin Just Received an Unintentional Boost". BitPagos Launches Ripio in Brazil. "We have noticed an exponential growth of Bitcoin economies all around the world. And mainly in Latin America, where the expensive....
Argentina and Palo Alto-based bitcoin merchant processing service BitPagos has announced its first seed funding round, raising $600,000 from a list of investors that includes Pantera Capital, venture capitalist Tim Draper, SecondMarket CEO Barry Silbert and the Boost Bitcoin Fund, among others. BitPagos emerged out of the Boost VC accelerator in 2013 and raised more than $150,000 during its first year of operations. Unlike US merchant processors such as Coinbase or BitPay, BitPagos allows users to sell bolivars or pesos for bitcoin, as opposed to converting their bitcoin earnings into fiat....
BitPagos has acquired Unisend Argentina, the country's first order-book exchange, as part of an undisclosed deal for cash and equity. The announcement follows the sale of the exchange subsidiary Unisend Mexico, and BitPagos' $1.18m funding round finalized last September. CEO Sebastian Serrano explained that the acquisition will provide BitPagos with a third product offering to complement its existing payment processing service and Ripio, its wallet and brokerage offering. Serrano told CoinDesk: "We want to build the access to bitcoin across Latin America and we thought that part of....