The startup BitPagos is making waves at the TechCrunch Disrupt 2016 event held in New York. The conference at the Brooklyn Cruise Terminal has highlighted the company’s achievements to enable credit within the online blockchain industry.
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The team has also made it as a finalist for the Battlefield contest that featured twenty entries, and is now down to six. Judges from Betaworks, Precursor Capital, TechCrunch, and Greycroft Ventures will evaluate the finalists for the final day of the Battlefield contest.
BitPagos Named a Finalist at Disrupt’s Battlefield Contest
The San Francisco-based BitPagos was founded in 2013 by Sebastian Serrano, Luciana Gruszeczka, and Mugur Marculescu. BitPagos says it is, “democratizing the access to financial services in emerging markets through the use of blockchain technology.” Currently, the startup is trying to enable a credit system for online payments in emerging markets. Citizens located in certain regions have a hard time getting credit cards and therefore typically cannot make an online purchase. The company wants to change this situation with a blockchain-based alternative so people can purchase items on the worldwide web.