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A former notable mining pool, CEX.io currently operating as a bitcoin exchange announced a partnership with AstroPay that aims to provide local currency account deposits and withdrawals in LATAM region. 

The integration will enable purchasing bitcoin with local currencies in Argentina, Brazil, Chile, Colombia, Peru and Uruguay. The clients from Turkey and China will also be able to fund their accounts by using AstroPay platform.

Currently bitcoin holders in Latin America can deposit and withdraw funds via an online bank transfer or by using cash. AstroPay payment solution provider will take quite a low commission of 2.5% for the company’s online banking services. It’s important to note that the options mentioned above are only available to users who have completed the identity verification form on the CEX.ioplatform. 

According to the post published on the official blog, CEX.io CIO Jeffrey Smith said: “Our decision to choose AstroPay as a partner is based on a thorough research of the LATAM region and multiple requests from CEX.IO users.” He also added: “Literally, our users will be able to buy Bitcoin for cash in their local currency. And that is incredible.”

Launched in 2013 as the first cloud mining provider, CEX.IO has become a digital currency exchange. The company is currently providing exchange and deposit services in 23 U.S. states. 

Latin American countries are confidently entering the big game on the global bitcoin marketplace. Some of the governments are currently experimenting with bitcoin and the blockchain technology. CoinFox reported earlier, that SurBTC, the first bitcoin exchange offering to trade Chilean pesos for bitcoin has been launched in Chile with the government financial assistance. The company has received financial support from the Chilean government equivalent to $40,000 USD as a part of start-up support programme.

In March 2015, Marcelo Miranda, MBA and a former head of equity trading in the Brazilian division of Deutsche Bank opened a new Brazilian bitcoin exchange, FlowBTC. And finally, Honduras has established a partnership with Factom to protect the country from land title fraud. The government announced its plans to become the second country in the world to run a blockchain-based project.

Daria Petushkova