BitPagos to Bring Credit to the Unbanked via Bitcoin
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.....
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BitPagos wants to bring Bitcoin to merchants in the developing world. While BitPay and Coinbase are bringing Bitcoin solutions for merchants in the United States and other western nations, BitPagos is focusing on a part of the Bitcoin ecosystem that may actually be more important in the early days of Bitcoin adoption. Many Bitcoin critics like to point out the fact that most merchants immediately exchange their bitcoins for dollars after receiving them as payment, but BitPagos is actually working on a system that would help merchants move in the opposite direction. Instead of leaving the....
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....
The startup BitPagos is making waves at the TechCrunch Disrupt 2016 event held in New York. The conference at the Brooklyn Cruise Terminal has highlighted the company’s achievements to enable credit within the online blockchain industry. The team has also made it as a finalist for the Battlefield contest that featured twenty entries, and is now down to....
BitPagos, a bitcoin wallet and merchant processing service, recently closed a $1.9 million Series A round to expand its services in its South America, according to Techcrunch. The Argentina-based company also changed its name to Ripio, the name of its consumer credit service. The service helps merchants who wish to sell their fiat currency immediately after a sale rather than their bitcoins, CCN previously reported. China-based Huiyin Blockchain Venture led the new funding round, along with existing investors Digital Currency Group, Boost VC and Draper VC. Shortly after its 2014 launch,....
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....