Mexican bitcoin exchange Bitso has secured a seed-funding round led by Barry Silbert’s Digital Currency group which was participated in by Mexico-based angel investors. With the new financing, Bitso plans to expand its team in Mexico and aggressively push its project to use bitcoin for cross-border payments across South America. Since the majority of the population has no access to bank accounts or credit cards, Bitso aims to provide the nation with a cheaper yet robust mobile payment platform by connecting its bitcoin exchange with Transfer. Transfer is a lightweight banking initiative developed by the Mexican government as a collaboration with Mexican banks and corporations including Banamex, Inbursa, Telcel and Oxxo. Similar to M-Pesa, the popular mobile payment service launched […]
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