South American Bitcoin Exchange SurBTC Launches with Funding from Chilean Government

Chilean bitcoin exchange SurBTC has raised $300,000 in seed funding. Digital Currency Group, Sauzalito Ventures, and Fernando Barros, founder of Chilean law firm Barros & Errazuriz, took part in the round. The $300,000 adds to the $100,000 already raised through the Corporación de Fomento de la Producción de Chile (CORFO), a business innovation incubator operated by the Chilean government. The exchange told CoinDesk that it will use the funds to develop bitcoin-focused products and services aimed at those with less understanding of the technology, with a particular focus on international....

SurBTC.com, Chile’s largest bitcoin exchange, recently secured a $300,000 USD investment which will allow the company to improve its customer experience and serve the remittance market in addition to other services, the company announced. The investors include Digital Currency Group (DCG), which has funded more than 60 bitcoin companies in 25 countries. The new investment, which complements $100,000 from Corfo, a Chilean government fund, will help SurBTC consolidate its market position in Chile, provide more liquidity to the Chilean bitcoin market and enhance its web platform. SurBTC will....

SurBTC, a bitcoin exchange based in Chile, gained the support and trust of its government after it secured funding for its operations. The name of the company translates to Bitcoin South and was recently launched to allow Chileans to trade and invest in bitcoin. Chile is near Argentina, a country that has dealt with several economic and currency crises in the past. Because of that, these countries have become more open to the idea of alternative currencies and financial systems, thereby providing a good opportunity for a bitcoin exchange to flourish. Bitcoin Exchange Support. During its....

No less than one million people had to flee from their homes in Chile after a powerful quake jolted the country's central region. To help the survivors, SurBTC, Chile's first fully fledged Bitcoin exchange, has created an account with the aim to help in collecting funds. In a blog post, this Bitcoin exchange also outlined that the account will be only used to collect donations for the survivors. The features of this account are as under:0% fee on every deposit, withdrawal or other transactions. This will be done both in Chilean Peso and Bitcoin. Every Bitcoin will be converted to Chilean....

There are hardly times when we use the word Chile and Bitcoin in a single sentence, probably because the country seems to always have lacked initiatives towards the digital currency sector. The wind however is changing direction with the launch of SurBTC, a Bitcoin exchange which lately began its operations on Chilean soil, eventually becoming the first full fledged organization in the country to be involved with the digital currency sector. Pesos for Bitcoin and Vice Versa. Following the launch, SurBTC is now providing Chile's citizens an option to trade their Pesos with Bitcoin, and vice....