Bitso is Mexican cryptocurrency exchange that offers a platform for trading of BTC, ETH and other altcoins with the Mexican peso and vice versa. The Bitso exchange was founded by Ben Peters, Daniel Vogel and Pablo Gonzalez in 2014. For deposits and withdrawals, Bitso uses the Ripple payment gateway. Besides the desktop version, the platform also offers a Bitso app for the buying, selling, sending and receiving of cryptocurrency via mobile devices. Bitso and Bitcoin are very popular among Mexican citizens, as the Mexican peso’s price has reduced dramatically relatively to the U.S. dollar. Besides this, more than half of the Mexican population do not have bank accounts, so platforms like this help them keep money away from volatility with low Bitso fees.
The Mexican Bitso exchange has been providing its custody and exchange services to Chivo so that the government of El Salvador can buy Bitcoin.
El Salvador Bitcoin wallet shows ‘strong sign of adoption,’ exec says
Founded in 2014 in Mexico, Bitso is now officially present in Argentina, Brazil, El Salvador and Colombia.
Top Latin American exchange Bitso officially expands to Colombia
Crypto-facilitated cross-border payments services are gaining traction in Latin America — a region that has become a hotbed for the cryptocurrency industry.
Crypto-focused enterprise payment platform Tribal Credit raises $60M
The company is pushing new use cases for blockchain payments through its partnerships with Bitso and Stellar Development Foundation.
Tribal Credit raises $40M in 'hybrid' debt round funded by dollars and stablecoins
The partnership between Tribal Credit, Bitso and Stellar Development Foundation will rely on crypto to streamline B2B transactions in Latin America.
Tribal Credit taps Bitso and Stellar to enable cross-border B2B payments
Bitso is also known as the core crypto service provider for El Salvador’s official Bitcoin wallet, launched in September.
Bitso and Circle work on crypto payments between Mexico and US
Mexican crypto exchange Bitso was announced as a core partner for El Salvador's state-issued BTC wallet.
Bitso to assist the launch of El Salvador's official Bitcoin wallet Chivo