The San Francisco-based bitcoin payment operator whose services are currently available in 32 countries is planning to expand further in 2016 by entering the Asian and Latin American markets.

According to Adam White, product manager at Coinbase, the company aims at offering its services in 40 countries in 2016, focusing on Asia and Latin America.

Earlier in September Coinbase announced its expansion to Singapore and defined it as “an important step” towards the goal “to make payments more open and efficient around the world,” which “will make it easier to access bitcoin in one of the financial capitals of the world.” In October the company announced the expansion of its bitcoin buy/sell functionality also to Liechtenstein and Slovenia.

The expansion is backed up by other developments, such as offering the Coinbase apps in several new languages, among them Chinese (traditional and simplified), Korean, Russian and Japanese.

Coinbase’s expansion to Asia and Latin America was announced in an interview given at the Money 2020 conference. A similar expansion pattern was also announced there by the Mexican bitcoin currency exchange MeXBT, which unveiled its new platform for international payment Pay.meXBT with the purpose to facilitate payments between Latin America and Asia.

Diana Bogdan