Founded in the year 2014, Bitso set out to Attract the Capacity of Both cryptocurrencies to Mexico and LATAM. We prioritise security, transparency and best practice operations, while breaking new ground with advanced product development.
Bitso has launched its e commerce platform and point-of-sale (POS) system, BitsoPagos, positioning itself as a broader provider of bitcoin providers in the Mexican market.
The retailer solution comprises an Application programming interface for e commerce businesses which want to integrate a shopping cart port, enabling customers to pay with bitcoin in checkout as easily and quickly as they can with traditional obligations options such as MasterCard, PayPal and Visa.
concentrate on e-commerce
While Bitso has a number of retailers already signed up along with utilizing the POS system, the business is much more enthused about the possibility its ecommerce plug may have for the global bitcoin economics.
Developing an ecosystem
Bitso is betting big on bitcoin going mainstream in Mexico,” Gonzalez said, also will continue to promote that trend however it could.
“It is about developing the whole ecosystem, not just about getting speculators on board,” he explained.
As Bitso service fiat currency trading as well, verification is required to adhere to KYC protocols as well as AML legislation. Bitso has 3 levels of verification’s and every level with its own benefits.
The Bitso wallet supports four main types of cryptocurrencies, Bitcoin, Bitcoin Cash, Ethereum, and Ripple. Aside from letting you’ve an overview of your balances, the wallet also allows you check your deposits and withdrawals history.
Typically for trades that meet the minimum trading volume, the fee charged by Bitso is fixed at 1 percent. Nevertheless, with volume trading, Bitso do offer discount rates based on the volume traded. The discount offered varies between Bitcoin and Ethereum.