The company connects companies and financial institutions that seek to innovate using blockchain technology and, in this way, enter the new era of digital services.
The impossible became simple, that is the motto of Bitex
The impossible became simple, that is the motto of Bitex, a financial services provider that operates over the Bitcoin network, which officially starts its operations in Chile, as part of its regional expansion project, where the company created in Argentina, already opened offices in Paraguay and Uruguay.
Created in 2014, Bitex specializes in providing financial services over blockchain technology, the world’s most powerful decentralized value transfer protocol, in addition to providing bitcoin liquidity against the local currency, providing infrastructure for international transfers. A technology that overcomes the existing systems in the traditional banking world.
The financial-technology startup arrives offering 5 services
Among them is “Concierge”, the possibility of being able to pay goods and services locally through the platform and being a new option of “Exchange” bitcoin and bitcoin cash against pesos (for the purchase and sale of cryptocurrencies of simple form).
Bitex offers “Boutique”
On the other hand, Bitex.la offers “Boutique” that aims at the massive purchase of bitcoin, providing a turnkey solution; “Payments”, which opens the possibility of charging any company or customer in bitcoin around the world and all this goes hand in hand to access its API (acronym in English for Application Programming Interface), which provides the possibility of integrating the business platform to receive transactions in digital currencies (ideal for restaurants, hotels, marketplaces, etc.).
Pablo Da Rold, Commercial Manager of Bitex for Chile, analyzed: “Cryptocurrencies and the advantages that their use to transfer value allow us to generate financial inclusion in Chile and Latin America”. Adding that “there is an ideal ecosystem for the growth of fintech technologies. In a country with open borders to conduct business, solutions are needed to facilitate transactions and that is what we aim for at Bitex”.
An opportunity
The arrival of Bitex.la comes to Chile with the idea of offering the use of a platform, where bitcoin is a simple protocol for transmitting value, becomes relevant at the moment of being able to disintermediate the financial system and connect banks with each other, improving the transparency, times and costs.
Bitex currently works with some 300 companies globally
Among which is a Bank in Argentina, impacting 53 thousand end customers. Bitex will seek to increase customers in Chile by 15%, both at the company level and at banks with goals of processing USD 10 million during the year.