Getting your FREE Bitcoin Cash from the Multibit HD Wallet
BCH Payment Processor Bitek Allows Colombian Merchants to Convert to Pesos
Two Bitcoin Cash (BCH) proponents, Javier Barrera and Andrés Rivera, believe the evolution of cryptocurrency will be bolstered by the BCH network so they recently developed a payment processor called Bitek.co. The company offers merchant processing with payable invoices, and accounting services as the Bitek platform provides merchants with the ability to accept BCH and convert all or a percentage of the funds into Colombian pesos.
Markets Update: Stormy Weather Continues to Plague Cryptocurrency Traders
Bitek: Promoting the Use of Bitcoin Cash in Columbian Markets
There’s a new payment processor for the Bitcoin Cash (BCH) network called
— a system that allows merchants from Colombia to accept BCH and convert to pesos immediately if they choose. The business model is similar to the Bitpay service as Bitek offers BCH-based merchant processing, invoices, and accounting services its customers. Bitek also offers a community section on their website for merchants who want to announce they accept BCH. In order to use Bitek merchant who are interested need to register and fill out the necessary information for a payment gateway and receiving deposits in BCH and Colombian pesos.
Bitek’s founder Javier Barrera recently spoke at the Satoshi’s Vision Conference in Tokyo, Bitek’s founder Javier Barrera recently spoke at the Satoshi’s Vision Conference in Tokyo Bch Converter Address
detailed how his team is integrating BCH into Colombia’s retail market
. Moreover, earlier this week Javier Barrera and Andrés Rivera explained their passion for Bitcoin Cash in an interview with the Latin American publication
. The founders explain they believe BCH is a better Bitcoin and “it is the asset that best fits with the definition and the philosophical line proposed by Satoshi Nakamoto.” Bitek plans to educate residents in Colombia with meetups and educational programs throughout the region as the firm tells
The objective is to promote the use of Bitcoin Cash in the national market.
BCH Meetups and Bitek’s Plan to Launch a Marketplace
Barrera explains that Bitek has three benefits for merchants looking for a BCH payment gateway such as accounting, liquidity with a remuneration in Colombian pesos, and protection from cryptocurrency volatility as BCH deposits can get the equivalent in pesos the same day. The exchange rate is based on estimates stemming from local exchanges and trading platforms like Bittrex. Just like other cryptocurrency payment processors, merchants have the ability to convert 100 percent of their funds into pesos or a fraction.
Bitek plans to launch a marketplace as well that facilitates trades between buyers and sellers and payments made with Bitcoin Cash. Further Bitek has detailed it has been in talks with BCH-based firms such as Centbee and Nchain concerning future collaborations. The startup has also organized BCH meetups on a weekly basis at popular venues like the Revellion Cultu-Bar. Bitcoin Cash supporters seem pleased with another addition to the slew of companies offering BCH infrastructure services.
What do you think about the Bitek payment service? Let us know your thoughts on this subject in the comments below.
Want to find out how much Bitcoin Cash is worth in real-time or convert your portfolio into USD check out Bitcoin.com’s
Jamie Redman is a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source code, and decentralized applications. Redman has written thousands of articles for news.Bitcoin.com about the disruptive protocols emerging today.
New CNBC Documentary Explores the Cultism of Bitcoin
New CNBC Documentary Explores the Cultism of Bitcoin.
It’s not even aired, and CNBC’s new Bitcoin documentary has already ired the community it’s depicting. From the 90-second trailer alone, Bitcoin purists have found plenty to pick on…
PR: SPIN Protocol – a New Blockchain Solution for Fast Growing...
PR: The World Blockchain Forum Returns to London Bigger and Better...
PR: Brock Pierce and Company Will Bring Together Exchanges, and Regulators...
News.Bitcoin.com is Hiring Editorial Staff – In Tokyo, Bch Converter Address
Are you an experienced news editor or a news reporter with a nose for crypto? We are on a roll – increasing our readership every day – serving millions of readers each month… Bch Converter Address
How is that not an attack on him ? Premine is not a nice word in crypto. It's not like people are...
Sounds like a positive news but will that have a significant effect on the price rise of bitcoin?
Indian Exchange Resumes Fiat Deposits and Withdrawals Using New Method
It's all nice and dandy, except that the btc it at less then 40% of it value when it was stollen or...
it's such a while goose chase that the gov put them on! the escrows are trustworthy... Bch Converter Address , it's such a while goose chase that the gov put them on! the escrows are trustworthy...
The Daily: Chinese Crackdown Continues, ICO Head Faces 15 Years in Prison
While your at it buy a half dozen 80% lowers just to wave the red,white and blue!
EXCLUSIVE: 3D Gun Proponent Cody Wilson Defiant, Offers Firearm Blueprints for Sale
celebrates 2.5 million wallets created in less than a year. Get yours on
right to your device for easy and secure access to your bitcoins. Perfect for beginners, the Bitcoin.com Wallet makes using and holding bitcoins easy. No logins required.
Roger Ver, CEO of bitcoin.com discusses interesting points from the week’s news flow. If you enjoy Roger’s Bitcoin vlogs and want more videos, hit the thumbs up, subscribe and leave a comment on our
We also deliver bite-sized news to your favourite messaging app; join our
0 Reviews:
Post Your Review