Traditional Remittance Provider Adds Bitcoin Services in Latin America
A bitcoin exchange and a remittance company have partnered to offer customers fiat-to-bitcoin deposit services across Latin America. Bitex.la has joined with More Money Transfers (MMT), a Latin American remittances company in what they claim is the first alliance of its kind. However, the partnership, said Bitex chief marketing officer Manu Beaudroit, isn't meant to provide remittance services in bitcoin, but instead, enable more people into contact and activity with the digital currency. Speaking to CoinDesk, Beaudroit voiced his belief that bitcoin holds some of the greatest promise for....
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DigitalBTC, an Australia-based digital payments company, has agreed to form a joint venture company (JVC) to distribute and market a remittance product, AirPocket. The beta launch will begin in the second quarter of this year. DigitalBTC, which is trading on the Australian Securities Exchange as Digital DC Limited, described AirPocket as a disruptive new technology product targeting the significant and established remittance market. The U. S. to Latin America remittance market is estimated to be $84 billion. The joint venture will target the remittance sector in the Latin American and....
Crypto remittances are growing in Latin America, particularly in the wake of other remittance platforms shutting off access to some markets.
Panamanian crypto-teller machine TigoCTM has added Dash to its roster of cryptocurrencies for sale and purchase over its network in Latin America. With a new partnership, Dash will see its partner TigoCTM, a crypto teller machine company, add the cryptocurrency to its network of ATMs that already provides bitcoin and other digital currencies to adopters and new users in Panama and Latin America. TigoCTM CEO Cindy Zimmerman sees reason for cryptocurrencies to flourish in Latin America among unbanked or underbanked users in Latin America, particularly in countries like Venezuela where....
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 […]