BitInka, a bitcoin platform that operates in Peru, Venezuela, Bolivia and Brazil will soon expand its services throughout Argentina, Colombia and Chile, to become South America’s first universal bitcoin platform targeted for the unbanked.
Founded in 2013 by Roger Gabriel, BitINKA is one of the only companies in South America which implemented bitcoin trading to create a bitcoin exchange that allows its users to convert/withdraw bitcoin for many local currencies of South America, including the Peruvian Nueva Sol and the Argentinian peso.
Through its international and instant bitcoin exchange platform, the bitcoin startup aims to penetrate mainstream bitcoin adoption by implementing bitcoin in day-to-day finances and to provide a platform for users without any prior knowledge about the currency.
Since 2013, BitINKA has partnered with local banks, financial institutions and local collection agencies including Banco de Crédito del Perú and Banco de Crédito de Bolivia to enable a fast and easy withdrawal processes for its users. For some regions, BitINKA’s bitcoin exchange and wallet platform will be the first bitcoin-related application to be introduced.
Targeting Mainstream Bitcoin Adoption and the Unbanked
According to the BitINKA team, the biggest market of South America is based on day-to-day expenses, which