A Ripple Gateway in Mexico

Ripple Inc., payment gateway for hundreds of assets and digital currencies has announced the closure of btc2ripple gateway for all US residents starting September 1, 2015. Btc2ripple gateway is one of the hundreds of gateways on the Ripple Trade platform which is used to purchase or trade BTC to XRP (Ripple's IOU). On September 1, Ripple will shut down the btc2ripple gateway for all U. S. residents, which will disallow any Americans from purchasing or depositing BTC using Ripple Trade accounts. Btc2ripple is operated by a Lithuanian company UAB SKV3, located in Vilnius. The decision to....

Puebla, Mexico-based digital currency exchange Bitso has launched a Ripple gateway for the peso to allow remittance capabilities to its customers. Bitso's establishment as an entry point into Ripple's peer-to-peer network means that its customers will be able to more easily transfer pesos, US dollars and BTC across borders. The company's co-founder and CTO Ben Peters said: "We are committed to developing the infrastructure required to revolutionize the incumbent remittance ecosystem in Mexico, harnessing the transformative innovations of cryptocurrency." Remittances. Since Mexico is the....

Bitcoin to Ripple gateway service btc2ripple.com has announced it is cutting service for its US customers from September. The company confirmed the news in an email sent out Thursday: The bulletin added that activity solely within the Ripple network, along with service usage by non-US citizens, would be unaffected by the changes. “If you are a US person: While no official explanation for the decision has yet been given, it is notable that Ripple has been engaged in legislative maneuvers over the past year, some of which have run contrary to the perspectives and goals held by the Bitcoin....

The Mexican bitcoin exchange Bitso which was recently in news for the acquisition of its competitor Unisend Mexico has emerged much stronger in the Mexican bitcoin market with the closure of its seed funding round. The company has raised money from Bitcoin Opportunity Corp., an investment fund backed by well-known entrepreneur and Bitcoin investor Barry Silbert. Few undisclosed angel investors have also invested in Bitso along with Bitcoin Opportunity Corp. The potential for bitcoin market in Mexico is huge with estimated inward remittance of over $22 billion in the year in 2013 alone.....

Bitso has closed a seed funding round led by the Barry Silbert-backed investment fund Bitcoin Opportunity Corp and including undisclosed angel investors. Launched in April 2014, Bitso recently acquired competitor Unisend Mexico as part of a bid to strengthen its market presence. Today, the company primarily offers an order-book exchange and Ripple gateway as well as a merchant processing product. However, in statements, Silbert suggested that he sees the company's greatest asset as its position to help facilitate remittances to and from Mexico: "Bitso is well-positioned to emerge as the....