ZipZap has announced it has expanded into Central and South America by enabling more than 170 million unbanked consumers to use cash to purchase bitcoins.
ZipZap has been processing payments in Brazil since 2013 and now ZipZap will serve consumers in Argentina, Chile, Mexico, Peru, Uruguay, and Colombia.
“Latin America is a strategically important region for ZipZap,” said Simon Nahnybida, SVP Business Development for ZipZap. “We are now able to offer millions of consumers in this region the ability to easily, safely and securely buy Bitcoins at affordable prices using cash and other payment options.”
“Using ZipZap, consumers will only need to register once and have immediate access to multiple exchanges worldwide who are competing for their business, whether they wish to buy digital currencies for investment purposes, cross border remittances or as a hedge against inflation, consumers across South and Central America will now have more payment options, flexibility and convenience than ever before.” He added.
“We hope to introduce Bitcoins to many consumers in this region for the first time,” said Joaquin Moreno, ZipZap Regional Manager for LATAM. “ZipZap simplifies the whole process and helps consumers buy with confidence and conveniently pay using local payment options at the best possible price.”
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