Bitinka Announces Expansion of Bitcoin-Based Payment-App Services Across Latin America

Bitinka, a platform that allows users from 9 South American nations to purchase and sell bitcoins, has announced significant uptake of Inkapay, Bitinka’s bitcoin-based payment app for the Latin American markets.

Also Read: Bitcoin Trading in Venezuela Intensifies, Bolivar Still Down and Devalued

Bitinka Has Announced That Its Popular Bitcoin-Based Payment App, Inkapay, Will See Significant Expansions Beginning in July

Bitinka was founded in 2013 as a platform designed to facilitate bitcoin purchasing and selling across Latin America. Bitinka currently offers services to Argentina, Bolivia, Brazil, Chile, Colombia, Spain, Peru, Venezuela, and the United States, and offers bitcoin trading in native currencies.

Bitinka has announced that its popular bitcoin-based payment app, Inkapay, will see significant expansions beginning in July. Starting next month Inkapay will be implementing credit card integration, in addition to new APIs designed for e-commerce integration. Inkapay is also set to launch a mobile app in September.

The Announcements Come Alongside Bitinka Reporting Significant Growth in Customer Use During 2017

Roger Gabriel, Bitinka’s founding partner, states that “The platform has a very important advantage that no other exchange on the planet offers: the possibility of buying bitcoins in your local currency… our users do not have to think about making international transfers to be able to recharge their balances in their respective accounts. Another important point to consider is our local presence, with offices and extensive integration with the most important banks in each of the countries where we operate, which not only provides us with a better response capacity, but also provides the security and confidence of operating with a local company that has the necessary structure to deal with any unforeseen events.” Roger Gabriel also highlighted the potential for Inkapay’s ease of use as a vehicle for sending remittances throughout the Americas.

The announcements come alongside Bitinka reporting significant growth in customer use during 2017. Bitinka says it has seen an average monthly growth of 44%, with the company anticipating further growth following the implementation of credit card integration and e-commerce API across Bitinka’s services.

Bitinka also has its eyes set on expanding internationally, announcing plans to provide services to Asian, Oceanic, and North American nations. The company also plans to expand its Latin American services, with BitInka announcing its intentions to enter the bitcoin markets of Paraguay and Mexico.

Do you think Latin America will be the next major market to garner a significant presence within the cryptocurrency economy? Tell us your thoughts below!

Images courtesy of Shutterstock and BitInka

Need to calculate your bitcoin holdings? Check our tools section.