Coincove Launches With Plan to Become 'Coinbase of Mexico'
Coincove is bringing a Coinbase-like wallet and exchange service to Mexico with its public launch today, allowing users to covert peso bank transfers into bitcoin. Tomas Alvarez, a co-founder of the company, told CoinDesk that the service is important to bitcoin adoption in the Latin American country. In the past, he indicated, it has been difficult to make the peso-to-bitcoin conversion, which sometimes meant having to deal with foreign exchanges. "[Mexican users previously] didn't have a way to get bitcoins except for wiring money to Bitstamp, or before to Mt. Gox," said Alvarez.....
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Money remittance can be expensive, difficult and time consuming. However, currency market Coincove hopes to change this for its Latin American customers. Using the Localbitcoins platform, Coincove allows its customers to take their fiat money to a local bitcoin dealer in-person. From there, Coincove translates their currency into a USD value on its website so that customers can move money to different countries around the world. Entry and exit nodes. The company plans to allow users to see the BTC value of their accounts in the future, but right now bitcoin is simply the conduit or 'pipe'....
Mexican bitcoin exchange Volabit has received a significant investment, a new report from bitcoin news website CoinDesk indicates. The $250,000 funding comes from the Bitcoin Opportunity Corp., an investment firm led by SecondMarket and Bitcoin Investment Trust CEO Barry Silbert. Silbert sees potential in the exchange, and according to CoinDesk, is confident that the exchange can attract a significantly underbanked market in Mexico. "Through the use of bitcoin, Volabit has the potential to radically transform the US-Mexico remittance corridor, one of the largest money transfer corridors in....
One of Donald Trump’s many campaign promises if he is elected President of the United States is a tall wall along the Mexico-U.S. border. Mexico is footing the bill, if it were up to the Donald. Refuse and Trump will put the brakes on the $24 billion remittance flow from U.S. to Mexico, his plan shows. The legality and feasibility of such measures aside, the plan is simple enough, with one significant shortcoming. If Trump wins the Presidency and somehow imposes a sweeping rule to legally block all remittance from the United States to Mexico, services such as Western Union, Xoom and other....
There has been a lot of talk about Donald Trump and his plans to build a physical wall around Mexico. But how this makes the controversial figure a disputed messenger of Bitcoin? Let's check out: There has been a lot of talk about Donald Trump and his plans to build a physical wall around Mexico. This plan would be set in motion to prevent remittance solutions originating in the US, and coerce the Mexican government into paying for this wall in the end. But Bitcoin will quickly sneak around this border, making Trump’s plan seem ever more silly than it was in the first place. For a....
On Monday, the San Francisco-based retirement plan provider for small to medium-sized businesses, Forusall, announced the launch of an alternative 401(k) plan that offers in-plan cryptocurrency access. According to the alt 401(k) investment option, Forusall is working with Coinbase Institutional as its retirement plan partner. Forusall and Coinbase’s Institutional Arm Offer Crypto-Infused Alt 401(k) Plan Forusall, the “one-click” retirement provider founded in 2012, has revealed that digital currency investors can now leverage the company’s alt 401(k) investment....