Latin America: on the rails of the block chain and cryptocurrencies

The banking and financial services sector in Latin America and the Caribbean is full of opportunities for those who dare in the company to reach the thousands of people who are unassisted in this area in the region. It is estimated that more than 60 percent of the local population does not have access to these services.

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Taking advantage of this gap, in recent years there have been several initiatives related to cryptocurrencies and block chain technology that seek to venture into the financial services sector to serve this huge mass of people that need to be included in the continent's economy. and the world.

These companies offer innovative ways for people to access credit markets and payment platforms that were previously out of reach. The adoption of cryptocurrencies is increasing in certain countries of the area, and not precisely due to a technological interest: the real need to conserve their money before inflationary tables and inefficient banking systems has led to the discovery of the crypts as a lifeline in nations such as Argentina, Brazil, Mexico and Venezuela.

These are some of the companies that have dared to take the step, to bring Latin America to the world of money and technology of the future, in the present:

Gravel

Ripio offers electronic payment solutions for the business sector. The company processes international transactions with credit cards, or bitcoins, for a minimum cost. Users can also buy bitcoins and apply for credits on the platform.

FoxBit

FoxBit is a Brazilian Bitcoin payment company. In 2016, they acquired BitInvest in order to expand their presence in the local market of crypts.

Bitso

Bitso , is the most important Bitcoin exchange in Mexico. The company started operations in 2014 and has had an exponential growth since then in terms of transaction volume.

Cryptobuyer

Cryptobuyer is the first company to install Bitcoin ATMs (BTM) in two commercial banks in Panama City, where it has a total of seven machines. It is headquartered in Venezuela.

Bitinka

Bitinka works in Argentina, Bolivia, Brazil, Chile, Colombia, Spain, Peru, Venezuela and the United States, and is dedicated to the sale and purchase of Bitcoin. It offers a payment application, Inkapay, and is based in Peru.

Buddha (SurBTC)

Buda (formerly SurBTC), is an exchange of crypts that operates in Colombia and Chile. It offers a trading platform, Buda Trader, and a mobile application, Buda App. It is located in the Chilean capital.

Volabit

Volabit is a Mexican exchange of Bitcoin used mostly for sending remittances. Money can be sent by bank transfers to Volabit, or by cash in premises assigned to the service in the country, such as Farmacias Benavides and 7-Eleven stores.

RSK Labs

RSK Labs , based in Argentina, is the author of RootStok, a platform dedicated to the development of intelligent contracts.

Bitex.la

Bitex.la provides online financial services to several countries in the region. The accounts of Bitex.la can be founded by cash or with AstroPay.

SatoshiTango

SatoshiTango mainly allows the purchase and sale of Bitcoin. Through the platform, users can also make the payment of any invoice in Argentina with BTC.

Bitcoin Market

Bitcoin Market is the largest exchange in Brazil and South America. On its platform it is possible to exchange Bitcoin, Litecoin and Brazilian reals. It has more than 1 million registered users.

Coinfabrik

Coinfabrik is an Argentine consulting and development company in the block chain. It offers multiform protection for wallets, multi-factor authentication for transactions and smart contracts among its many services.