After the shining example set by El Salvador, GoldConnect is allowing its customers to pay in Bitcoin and cryptocurrencies. For their part, many Latin American countries seem motivated to give Bitcoin legal tender.
17 countries want to pay in cryptos
On June 15, Latin American telecom wholesaler GoldConnect announced that it would accept payments in cryptocurrencies, via the LatamConnect platform connected directly to BitPay. Recall that the latter converts the received cryptos into fiat and deposits them into GoldConnect’s account.
“As a disruptive telecom provider in the LATAM region, we must continually embrace the latest technologies and business methods to improve our customers’ interaction and experience.”The company’s COO Jeremy Villalobos
This dive by GoldConnect into cryptos is aimed at attracting new customers. The wholesaler also said that its acceptance of crypto payments is a reflection of the growing demand for this type of payment in the 17 Latin American and Caribbean countries where it operates.
“GoldConnect is realizing the potential of cryptos to transform the wholesale telecommunications industry, making payments faster, more secure and less expensive on a global scale. “BitPay’s Vice President of Products, Shaun Worley
Bitcoin’s legalization candidates
GoldConnect is contributing to the adoption of Bitcoin and cryptocurrencies in general in Latin America. El Salvador recently recognized Bitcoin as a legal currency, and Minister of Labor and Social Welfare Rolando Castro is already looking into ways to offer the country’s businesses the ability to pay their employees in BTC.
El Salvador is not the only country in the region looking to enter this race to legalize Bitcoin. Panamanian Congressman Gabriel Silva said in a June 8 tweet that he would “present a proposal to the Assembly” to “support cryptocurrencies.” Silva does not want Panama to be “left behind”, outpaced by El Salvador in this field.
The day before, on June 7, Paraguayan Congressman Carlitos Rejala also tweeted “El Salvador to the Moon” with his photo and the famous laser eyes.
Finally, Latin America’s largest exchange, Bitso, has just successfully completed its third round of funding. Bitcoin’s detractors must be losing their minds, hearing all the talk of support for the dean of Latin American cryptos.