Venezuelan bitcoin broker expands with purchase of payment platform

Venezuelan-based Cryptobuyer has announced that due to client demands, it has entered into partnership with Dash, which has linked Bitcoin to its cryptocurrency platform. This collaboration gives the population of the struggling Venezuelan economy access to the Dash payment network, and enables them to use Bitcoin to make transactions such as topping up credit on their mobile phones and credit cards. This will enable them to access a range of financial services without recourse to traditional banking, a viable alternative in an environment where many people do not have a bank account or access to funds.

Cryptobuyer, a Caracas, Venezuela-based cryptocurrency brokerage, today announced that Dash has joined Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term to its platform due to client demands. With Cryptobuyer, Dash will be used as a payment network for thousands of people suffering from Venezuela’s troubled economy. The collaboration enables Venezuelans to use Dash and Bitcoin for remittances, everyday transactions, top up cell phones, recharge debit cards and Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term other currencies.

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CEO of Cryptobuyer Jorge Farias said: “Cryptobuyer is a cryptocurrency and digital assets connector for companies and individuals that brings a range of services that will improve Venezuelans’ financial liberty. Our partnership with Dash is valuable, especially for customers using unstable fiat currencies, and the perfect example can be found in Venezuela right now. Alternatives for accessing money without traditional banks are gaining traction fast, and we are incredibly confident that Dash will flourish in this economy. From a phone credit recharge for a friend to the payment of credit cards and TV subscriptions, Cryptobuyer makes Bitcoin and Dash a reality in daily life and keeps offering incredible financial benefits without the need for a bank account.”

Dash VP of Business Development Daniel Diaz said: “With Venezuelans entrenched in political and economic turmoil, we simply wanted to give them another option to make life easier. Dash is stable, safe and holds its value extremely well. Cryptobuyer will help Dash take a step towards offering real services to regular people that are not just digital currency investors, so it really opens the door for us to fulfill our vision of making a tangible difference in places where digital currencies can help the most. Dash is proud to support pioneering, driven Venezuelans like the Cryptobuyer team who are making a difference through entrepreneurship and technology.”

Since founding earlier this year, Cryptobuyer has accrued thousands of users in Venezuela, Brazil, Panama, Chile and Colombia. Cryptobuyer’s Legal Director and COO Mariana León Mármol added: “Cryptobuyer is the first platform in Venezuela that currently operates while fulfilling all KYC, AML and taxation obligations. It is a fundamental element of our services to preserve the origin of funds for investors, credit card users and remittance clients.”

For clients with no access to a phone or a computer, Dash and Bitcoin will be accessible through a local partner of Cryptobuyer, TigoCTM, that will provide Crypto Teller Machines allowing immediate cash transactions and a remittance corridor.