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BitInka launches bitcoin-based payment app for Latin American markets

BitInka, a platform that allows users from 9 South American nations to purchase and sell bitcoins, announced the launch of popular bitcoin-based payment app ‘Inkapay’ across Latin America that will see a significant expansion beginning in July.

According to Bitcoin.com, Inkapay will be implementing credit card integration, in addition to new APIs that are designed for e-commerce integration. It is also set to launch the mobile app in the month of September.

The announcement came alongside BitInka reporting significant growth in customer use during 2017. The company said that it has seen an average monthly growth of 44%, with the company anticipating further growth following the implementation of credit card integration and e-commerce API across Bitinka’s services.

“The platform has a very important advantage that no other exchange on the planet offers: the possibility of buying bitcoins in your local currency. Another important point to consider is our local presence, with offices and extensive integration with the most important banks in each of the countries where we operate, which not only provides us with a better response capacity, but also provides the security and confidence of operating with a local company that has the necessary structure to deal with any unforeseen events,” Roger Gabriel, Bitinka’s founding partner, stated.

The company said that it is planning to provide services to Asian, Oceanic, and North American nations soon. Also, it is planning to expand its Latin American services, by entering into the bitcoin markets of Paraguay and Mexico.

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