Bitso Arrives Colombia with Proposal for Crypto Transactions to Promote Remittances
Categories: Crypto News US
Bitso Arrives Colombia with Proposal for Crypto Transactions to Promote Remittances
Crypto Exchange Will Facilitate Remittance With Cryptos in Colombia Bitso Promotes Use of Stablecoins for International Operations Bitso, the foremost crypto exchange in Latin America, talked about its expansion plans in Colombia. The crypto company will give Colombians the freedom to transfer their remittances via dollar-based stable coins.
After Circle joins the firm, until 2021, the exchange will promote the service in Mexico, where it is also headquartered. Bitso will validate transactions in the United States and, of course, return to Colombia, where it has been proven that a large number of remittances are handled.
Some experts in crypto trading believe that the exchange will implement the same project it started with the USDC stablecoin in Mexico.Bitso will validate transactions to the United States of America and, of course, return to Colombia, where it has been proven that a large number of remittances are handled. Some experts in crypto trading believe that the exchange would be applying the same project it launched in Mexico with the USDC stablecoin.
With more than six months of the virtual market experiencing a bearish streak, it is not surprising to find stablecoins a priority among fans due to their low volatility. Bitso can be designated as an exchange that promotes operations with stablecoins and focuses on international projects such as those in Mexico and now Colombia.
The most popular stablecoins such as TetherUSD, USDCoin and BinanceUSD have seen their trade flows increase so far in 2022, proving that they are more secure. This bearish season also served to highlight stablecoins that do not have a solid foundation, such as Tron's USD, which by June 2022 had lost parity with the US dollar.
Bitso Exchange aims to make remittance operations in Colombia with the promise of fast transactions and low commission rates. Similarly, the company shows how profitable crypto trading is thanks to this transaction, which will normalize the whole process.
Although the exchange has had to lay off a good number of its employees in the past months, that hasn't stopped it from trying to expand into new markets. Recently, the crypto company joined the Latin country, where it wants to completely change people's attitudes towards decentralized technology, as it has done in Mexico.