1. BITBILIHome
  2. Article

Bull Bitcoin teams up with SINPE Movil and Bitcoin Jungle for Costa Rica expansion

• 40 views

TL;DR Breakdown

  • Bull Bitcoin is partnering with SINPE Movil and Bitcoin Jungle to introduce Colones to Bitcoin exchanges in Costa Rica.
  • This collaboration aims to simplify crypto transactions, enabling quick conversions between Colones.
  • After serving Canada exclusively for nearly a decade, Bull Bitcoin is now eyeing global expansion.

Description

Bull Bitcoin, a Bitcoin-only exchange hailing from Canada, has embarked on an ambitious journey to tap into the burgeoning crypto market in Costa Rica. In collaboration with SINPE Movil, Costa Rica’s primary fiat payments system, and Bitcoin Jungle, a local crypto wallet solution, the company is set to revolutionize financial transactions for both Costa Ricans … Read more

Bull Bitcoin, a Bitcoin-only exchange hailing from Canada, has embarked on an ambitious journey to tap into the burgeoning crypto market in Costa Rica. In collaboration with SINPE Movil, Costa Rica’s primary fiat payments system, and Bitcoin Jungle, a local crypto wallet solution, the company is set to revolutionize financial transactions for both Costa Ricans and foreigners.

Starting September 14, Bull Bitcoin will offer a seamless exchange service, allowing users to convert Colones to Bitcoin and vice versa. Moreover, Colones and US dollars can be swiftly converted to and from IBAN bank accounts through Bull Bitcoin’s platform, streamlining the process for crypto enthusiasts and businesses.

The aspect of this partnership lies in its potential to drive wider adoption of Bitcoin as a payment method in Costa Rica. Businesses can now easily “cash out” their Bitcoin earnings into conventional currency, incentivizing more enterprises to accept payments.

For Bull Bitcoin, this venture marks a pivotal moment, extending its operations beyond Canada, where it has exclusively served a population of 35 million for nearly a decade. The company is now poised for global expansion, aiming to reach over a billion people worldwide within the next year.

This bold move by Bull Bitcoin comes at a time when the cryptocurrency landscape is evolving rapidly, with major players like Binance also eyeing the Latin American market. Binance recently introduced its “Send Cash” service, which includes support for transfers to several Latin American countries, including Costa Rica.

In August, Binance unveiled a cryptocurrency-to-bank-account payment method, allowing users in Honduras, Guatemala, Costa Rica, Paraguay, the Dominican Republic, Panama, and Mexico to send money to Colombian or Argentine bank accounts seamlessly. This move signals Binance’s commitment to making cryptocurrencies more accessible and usable for individuals across the region.

The competition and innovation in the cryptocurrency space are heating up, and Costa Rica is emerging as a focal point for these developments. As Bull Bitcoin and Binance expand their presence in the country, it’s clear that the nation’s residents will have greater access to the world of digital currencies, potentially transforming how they manage their finances and conduct transactions.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.

文章来源于互联网:Bull Bitcoin teams up with SINPE Movil and Bitcoin Jungle for Costa Rica expansion

Disclaimers:

1. You are solely responsible for your investment decisions and this info is not liable for any losses you may incur.

2. The copyright of this article belongs to the writer, it represents the writer's opinions only, not represents the site's ones. Not financial advice.

Previous 2023年9月15日 01:12
Next 2023年9月15日 02:23

Related articles

  • Uniswap price analysis: UNI crashes 6 percent to drop as low as $4.5 support

    TL;DR Breakdown . Uniswap price faced a critical decline over today’s trade . Price down to $4.5 support among larger market crash . Bearish market indicators show seller domination Uniswap price analysis shows a 6 percent decline in place for the token from price action over the past 24 hours. The bearish trend intensified to push price down to as low as the $4.5 support. Amid a larger bearish crypto market over the past 24 hours, UNI price was hit hard after trending variably sideways since the start of May. The recent decline has now pushed support to $4, with market cap dropping 7 percent to $4,705,039,899 and trading volume increasing a massive 73 percent, mostly consisting of selling action. The larger cryptocurrency market faced a large-scale depletion across the board over the past 24 hours, with Bitcoin dropping 6 percent to the $25,500 mark, and Ethereum declining 5 percent to move down to $1,800. Among leading Altcoins, Ripple lost 6 percent to move as low as $0.50, while Cardano lowered a massive 8 percent in moving down to $0.34….

    Article 2023年6月10日

  • Argentina banks bet on yuan, flipping the USD

    TL;DR Breakdown Argentina’s central bank has officially included the Chinese yuan as a recognized currency for banking deposits, a major shift in its banking policy. This move aligns with Argentina’s struggle against a dwindling supply of U.S. dollars and coincides with China’s efforts to internationalize its currency. Argentina’s National Securities Commission will allow dealing in yuan-denominated securities. Description In an unanticipated monetary maneuver, Argentina is making a bold financial bet. This South American nation is courting the Chinese yuan, in a move that could radically reshape its banking landscape. A flip, it seems, is in the works, a flip from the well-established U.S. dollars to the emergent yuan. Yuan’s entry into Argentina’s banking … Read more In an unanticipated monetary maneuver, Argentina is making a bold financial bet. This South American nation is courting the Chinese yuan, in a move that could radically reshape its banking landscape. A flip, it seems, is in the works, a flip from the well-established U.S. dollars to the emergent yuan. Yuan’s entry into Argentina’s banking The Central Bank of Argentina, in a surprising move,…

    Article 2023年7月4日

  • Alibaba makes a play in Apple-China beef – How?

    TL;DR Breakdown Apple’s iPhone 15 launch overshadowed by China’s unofficial discouragement of using foreign tech. Huawei tries to reclaim market share with new 5G smartphone releases. Alibaba’s strategic silence amidst the tech conflict draws attention. Daniel Zhang’s resignation from Alibaba suggests Jack Ma still influences the company’s direction. Description Tech magnate Apple recently unveiled the iPhone 15, boasting of its cutting-edge 3-nanometer mobile processors crafted by the Taiwan Semiconductor Manufacturing Co. This release, however, was shrouded in whispers and wary eyes, given China’s veiled admonishments towards the tech giant. Notably absent from this tussle? Alibaba, one of China’s leading tech behemoths. Their conspicuous silence … Read more Tech magnate Apple recently unveiled the iPhone 15, boasting of its cutting-edge 3-nanometer mobile processors crafted by the Taiwan Semiconductor Manufacturing Co. This release, however, was shrouded in whispers and wary eyes, given China’s veiled admonishments towards the tech giant. Notably absent from this tussle? Alibaba, one of China’s leading tech behemoths. Their conspicuous silence is a game-changer and deserves attention. Apple and the Chinese Quandary Despite launching their state-of-the-art iPhone 15 series,…

    Article 2023年9月14日

  • Sanctions drive BRICS unity as Russia relations deepen

    TL;DR Breakdown Western sanctions against Russia have unintentionally strengthened ties among BRICS nations. BRICS, originally consisting of Brazil, Russia, India, China, and South Africa, recently expanded to include several new members. Post-sanctions, India and China have increased Russian oil imports and explored payment methods outside of the US dollar. Description Amidst the chaotic global energy landscape, the bond among BRICS nations seems to have only grown stronger, largely due to Western sanctions against Russia. The implications of these sanctions, which were a direct response to Russia’s Ukraine invasion, have reverberated beyond Moscow’s curtailed oil revenue. They have inadvertently nudged BRICS closer together, solidifying their alliance … Read more Amidst the chaotic global energy landscape, the bond among BRICS nations seems to have only grown stronger, largely due to Western sanctions against Russia. The implications of these sanctions, which were a direct response to Russia’s Ukraine invasion, have reverberated beyond Moscow’s curtailed oil revenue. They have inadvertently nudged BRICS closer together, solidifying their alliance further. The Unintended Consequences of Western Sanctions While the West’s intent was to penalize Russia, these actions…

    Article 2023年9月5日

  • Wallet Providers Embrace BRC-20 Token Support Amid Market Volatility

    TL;DR Breakdown Wallet providers, including BitKeep and OKX, are introducing support for BRC-20 tokens, a new token standard on the Bitcoin network. Despite facing a market drawdown and the majority of the market cap consisting of meme coins, BRC-20 tokens hold promise for asset creation and transfer on the Bitcoin blockchain. Description In the ever-evolving world of cryptocurrencies, tokenization has become a prominent trend, enabling the creation and transfer of digital assets on various blockchain networks. While Ethereum‘s ERC-20 token standard has dominated the market for years, a new token standard called BRC-20 has emerged on the Bitcoin network, offering unique features and opportunities for asset deployment. Despite … Read more In the ever-evolving world of cryptocurrencies, tokenization has become a prominent trend, enabling the creation and transfer of digital assets on various blockchain networks. While Ethereum‘s ERC-20 token standard has dominated the market for years, a new token standard called BRC-20 has emerged on the Bitcoin network, offering unique features and opportunities for asset deployment. Despite facing market drawdown and the dominance of meme coins, wallet providers are now recognizing the…

    Article 2023年6月24日
TOP