A startup called Cryptofacil has announced plans to launch the “largest cryptocurrency exchange in Latin America and the Caribbean.” The exchange will be powered by Bittrex trading platform technology and will support 200 digital tokens and over 270 trading pairs.
“A secure platform with advanced user support will allow our clients to easily and simply manage transactions for small market commissions, while receiving additional services. Our goal is to become the best and most reputable cryptocurrency platform in Latin America and the Caribbean,” said Andres Safran, co-founder of Cryptofacil.
Cryptofacil will initially focus on the Latin American and Caribbean markets, but plans to provide its digital trading services in other markets in the future, subject to applicable regulations.
Bittrex has already established several strategic partnerships this year, including collaboration with Invest.com on opening a digital trading platform focused on the European market, and partnering with Rialto Trading to create a trading platform for digital securities. The Bittrex platform has also established a partnership with Cryptofacil and will help the startup launch in an environment of high demand from users in Latin America. Buenos Aires is considered one of the leading cities in the world for bitcoin adoption and has 130 retail outlets accepting cryptocurrency and one ATM.
Bittrex and Cryptofacil are not the only cryptocurrency startups looking to enter the Latin American market. In Venezuela, where inflation will reach 1,000,000% this year, about 200 merchants have already signed up to accept Dash cryptocurrency, according to Ryan Taylor, CEO of Dash Core Group. Dash announced last month a partnership with Kripto Mobile Corporation that will see KRIP mobile phones equipped with the “full Dash ecosystem,” allowing users in Latin America to easily purchase, store and spend cryptocurrency.
In August, Indonesian terminal maker PONI X Labs entered into a distribution deal with Brazil's BitCapital to install 1,000 cryptocurrency-enabled XPOS terminals across the country. Another thousand XPOS are expected to be installed in Colombia over the next six months, thanks to a partnership with local investment fund Manticora Capital.
According to coinjournal.net
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