Blockchain-based startup BlockPay developed by BitShares Munich, announced its cooperation with Venezuelan cryptocurrency brokerage Cryptobuyer, in order to provide the elementary network infrastructure for digital payments in South America.

According to the official blog, Cryptobuyer will utilize the free point of sale (POS) solution BlockPay that will enable every vendor, small stores, food market, restaurants and kiosks to accept digital currencies for free. The payment process is much quicker and the funds are protected against theft and robbery.

“We are very excited about our partnership with Cryptobuyer and are looking forward to improving people's live with our free BlockPay POS all over Latin America," Christoph Hering, co-founder & CEO at BitShares Munich IVS.

Cryptobuyer is the result of work of a multidisciplinary team that seeks to bring all users, to the world of digital assets, in a simple, fast and robust way. Using open standards and Internet protocols, such as blockchain, Cryptobuyer integrates exchange solutions that allow users to connect this new virtual technology to the real world. As partners of the Bitcoin Foundation of Venezuela, the firm offers advice and consultancy to companies, groups, individuals, and NGOs.