BitPagos Raises Funds to Bring Bitcoin to Latin America
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....
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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....
Comments added from Alberto Vega, BitPay's Regional Manager for Latin America. Latin American e-tailer Famsa is now accepting bitcoin for online purchases. The chain, founded in 1970, sells a variety of consumer goods and electronics across Mexico and the US. It is processing transactions via Atlanta firm BitPay. The news follows last month's announcement from MercadoLibre - the 'eBay of Latin America' - that it would integrate bitcoin, and a deal between Mexico's BitPagos and Entrepids to allow e-commerce stores to accept the currency. Alberto Vega, BitPay's regional manager for Latin....
BitPagos CEO and founder Sebastian Serrano recently announced a new feature for their bitcoin wallet, Ripio, at Techcrunch Disrupt New York 2016. In the past, BitPagos has become known in the Bitcoin community by enabling merchants in inflation-riddled countries, such as Serrano’s birthplace of Argentina, to convert credit card payments into bitcoins. They’ve often been referred to as the opposite of BitPay, which is a Bitcoin payment processor that allows merchants to convert bitcoin payments into local currency within one business day of the sale. BitPagos’ latest project is an attempt....
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....
Is Latin America in the eye of the storm that’ll reshape the world? The region certainly benefits from the existence of Bitcoin and other cryptocurrencies. Latin America needs hedges against inflation and a quick and easy way to send remittances. The cheaper the fees, the better. And when you truly need something, you’re bound to […]