Crypto payments via Bitpay in GoldConnect

LatamConnect is GoldConnect’s new platform which enables GoldConnect to process crypto assets’ transactions from now on.

Share

Another milestone for Latin America in accepting cryptocurrencies (Bitcoin) with an open arm was made by the Latin American telecommunications wholesaler GoldConnect. GoldConnect customers can use Bitpay payment processors to pay with cryptocurrencies.

LatamConnect which is a platform that directly connects with Bitpay can be used for crypto payments and these payments are usually cleared in fiat currency.

Accepting crypto for payments is indicative of increasing demand for such services according to GoldConnect. Currently, GoldConnect is providing service for 17 Latin American and Caribbean countries. Jeremy Villalobos, GoldConnect CEO explained their decision in this regard:

"As a disruptive telecom provider in the LATAM region, we must continuously embrace the latest technologies and business methods to improve the interaction and experience of our clients,"

And along the same line, vice president of BitPay Shaun Worley added:

"GoldConnect realizes the potential for crypto to transform the wholesale telecommunication industry, making payments faster, more secure, and less expensive on a global scale.”

It seems that Latin American countries are very interested in the crypto space. The first country in this part of the world to embrace cryptocurrencies was El Salvador. They adopted Bitcoin as their legal tender. Following this trend, Panama and Brazil have shown interest in accepting Bitcoin as well.

Categories

Cryptocurrency(5)

Latest News

Shiba Inu wallet waitlist hits 1.6 and Robinood COO hails this

1.6 million people are in a queue for Robinhood's crypto wallet as pressure rises on this company to list one of the market's most popular memecoins. ...

NOV 10, 2021

BlockFi files for a Bitcoin ETF with physical backing

The Securities and Exchange Commission's decision on VanEck's proposal for a spot Bitcoin ETF is set to be made on November 14th. ...

NOV 08, 2021

Brazilian federal deputy proposes cryptocurrency as a payment option for workers

Goulart's plan calls for the passage of a new legislation that would provide all Brazilian employees the option to receive their payment in cryptocurrency from ...

NOV 07, 2021

Enjin tends to spend a new $100M to decentralize its metaverse

The fund will be dedicated to building the Efinity blockchain, focusing on seed equity investments. ...

NOV 04, 2021

Tags

Bitcoin

GoldConnect

Tags

Bitcoin

GoldConnect