Bitcoin Startup BitPagos Acquires Argentinian Exchange Unisend
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....
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Latin American bitcoin merchant payment processor BitPagos has acquired Argentinian bitcoin exchange Unisend, to provide bitcoin exchange and trading services on its bitcoin purchasing platform Gravel. BitPagos launched Gravel in August 2014 to enable its users to purchase bitcoin at more than 8,000 Argentinian convenience stores. During that time, BitPagos CEO Sebastian Serraon told Coindesk, "You can go to any location, give them your account in Ripio and the amount of pesos you want to get in bitcoins. Boom: You have some bitcoins." The acquisition of Unisend will allow the company to....
Argentina-based bitcoin exchange Unisend stopped customer deposits and bank transfers on Monday after Banco Santander Río and Banco Gailicia suddenly closed its company accounts. Santander and Gailicia sent Unisend written notification on 28th and 31st July, respectively. Each cited Article 792 of Argentina's code of commerce, which says that a banking relationship can be terminated at the request of a bank or its client provided 10 days notice is given. Unisend partner José Rodriguez told CoinDesk that the exchange does not expect its services to be affected in the long term, stating: "We....
Argentinian bitcoin startup Ripio has announced what may be the first funding round of the new year, raising $1.9m in new capital amid a rebranding. The company plans to raise an additional $400,000 in funding over the next 90 days via AngelList, bringing its total funding to $2.3m. The Series A round was led by Huiyin Blockchain Venture, a China-based VC fund launched late last year by multi-billion-dollar investment firm Huiyin Group. Other participants in the round included Boost VC, Digital Currency Group and Draper VC – investors that also took part in the startup's $600k funding....
Unisend has announced it will once again enable Argentina-based users to fund exchange activities through bank transfers. The news comes roughly three months after the Argentinian bitcoin exchange abruptly lost its accounts with previous banking partners Banco Santander Rio and Banco Galicia, thereby limiting the company's service in what is arguably Latin America's most prominent bitcoin market. Founder and CTO Pablo Esterson said the announcement was the end result of months of effort by the seven-person company, which has needed to apply for new accounts while putting a new emphasis on....
Argentina and Palo Alto-based bitcoin merchant processing service BitPagos has announced its first seed funding round, raising $600,000 from a list of investors that includes Pantera Capital, venture capitalist Tim Draper, SecondMarket CEO Barry Silbert and the Boost Bitcoin Fund, among others. BitPagos emerged out of the Boost VC accelerator in 2013 and raised more than $150,000 during its first year of operations. Unlike US merchant processors such as Coinbase or BitPay, BitPagos allows users to sell bolivars or pesos for bitcoin, as opposed to converting their bitcoin earnings into fiat....