Bitpay: Monthly Bitcoin Transactions Up 510% in Latin America
Bitpay has released figures showing a huge spike in transactions in Latin America, surging from 638 in February all the way up to 3,509 monthly in June 2015. The world’s largest Bitcoin merchant payment processor included the data in an exclusive release of its monthly transaction records to the International Business Times this week. Bitcoin is proving to be a stable protection towards inflation and lack of access to financial services in underbanked regions and where governments fail to address economic stability. This is likewise indicated by the spike of transactions in Latin American....
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Comments added from Alberto Vega, BitPay's Regional Manager for Latin America. Latin American e-tailer Famsa is now accepting bitcoin for online purchases. The chain, founded in 1970, sells a variety of consumer goods and electronics across Mexico and the US. It is processing transactions via Atlanta firm BitPay. The news follows last month's announcement from MercadoLibre - the 'eBay of Latin America' - that it would integrate bitcoin, and a deal between Mexico's BitPagos and Entrepids to allow e-commerce stores to accept the currency. Alberto Vega, BitPay's regional manager for Latin....
As global popularity of Bitcoin grows, many Bitcoin companies are taking notice and expanding operations into other countries. Earlier this week, merchant payment processor BitPay announced the opening of its Latin America headquarters in Argentina. The expansion is one of the first for the Atlanta, Georgia based company and comes at an important time for the future of currency in the region. In Argentina, BitPay will employ five software engineers in addition to business development manager, Alberto Liver Vega. "As a technology enthusiast, I see Bitcoin as a big opportunity for companies....
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 […]
Do Latin America ‘s unique characteristics put the continent in position to adopt cryptocurrencies before the rest of the world? Or is El Salvador an isolated case? In Latin America, Tipping Point we’ll select the area’s most important headlines and summarize them in a few sentences and quotes. This is the jam-packed news compilation you […]
Beginning Monday, technology enthusiasts in Brazil became able to convert the Brazilian Real to Bitcoin using a Bitcoin vending machine, also known as a Bitcoin ATM. The unveiling marks the first Bitcoin ATM to be installed in Latin America, with a permanent position at a Sao Paulo bar which is already accepting Bitcoin. As the popularity of digital currency in Latin America continues, many businesses and individuals are taking advantage of the benefits that this new payment method provides. For businesses in developing countries, Bitcoin gives businesses the ability to end costly trade....