Tuesday
August 13
2019

60 Latin American Banks Can Now Use Bitcoin for Cross-Border Payments

By Christine Kim

A leading bank technology provider in Latin America is partnering with cryptocurrency exchange Bitex to facilitate cross-border payments over the bitcoin blockchain.

“The integration of Bitex into Bantotal program represents a major step in the breakthrough of blockchain technology in banking,” said Bitex Chief Marketing Officer Manuel Beaudroit.

Bantotal is a core banking service provider based in Uruguay that services over 60 different financial institutions across 14 different countries. According to a Bantotal spokesperson, an estimated 20 million people use Bantotal’s money management services.

Photo courtesy of Pixabay.

Source: Nasdaq (link opens in a new window)

Categories
Finance
Tags
banking, bitcoin, blockchain, cryptocurrency, emerging markets, financial services