Bitso Secures Investment and Launches Initiative with the Mexican Government

Bitso, a bitcoin exchange based in Mexico, was able to secure a seed-funding round from the Digital Currency Group and angel investors in the country. The exchange plans to expand in Mexico and collaborate with the Mexican government's current approach to cross-border payments in the region. In the country, there are very few people who have access to bank accounts or credit cards, which means that alternative forms of fund transfer are welcomed. The Mexican government has already launched an initiative called Transfer, which also works with Mexican banks and corporations including....

Mexican cryptocurrency exchange Bitso has closed a $2.5 million round of investment. The exchange announced it had closed the round of Series A1 financing earlier this week. Investors include US-based Digital Currency Group (DCG) and Mexico-based firms Monex, Variv Capital, and Xochi Ventures. In a press release about the funding round, DCG’s founder and CEO Barry Silbert announced the reason Bitso was chosen for the investment: “We have supported Bitso since their inception as they have built some of the most advanced exchange technology for digital assets and created partnerships that....

Mexican bitcoin exchange Bitso has exited beta with a number of initiatives aiming to attract new users in the country. The company first went live in April as the first exchange aimed at Mexico's burgeoning bitcoin ecosystem, with features designed specifically for locals. "As we are not a 'cookie cutter' exchange, we're really able to offer services tailored to the particular needs of the Mexican market," Bitso chief technology officer Ben Peters told CoinDesk. For instance, the exchange is fully integrated with Compropago, a local payments service that allows Bitso users to fund their....

Bitso, the first Mexican exchange, opens for trading tomorrow. Currently this is the only local platform on which to exchange bitcoins for Mexican Pesos. Interested parties will be able to register at bitso.com. The company emphasises that its platform has been designed with ease of use and power in mind. The company already has over 1,000 pre-registered users. It expects these parties to gradually begin using the new exchange platform from tomorrow. It is expected that trading activity will increase as participants become more comfortable with the exchange and the company, and as they get....

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.....