Puebla, Mexico – May 12, 2014 – Bitso is pleased to officially announce today the launch of the first Ripple Gateway in Mexico, and first issuer of Mexican Peso (MXN) balances on the Ripple Network.
Bitso enables people in Mexico to send and receive value to or from anywhere in the world, instantly and at very affordable rates. For example, people can send and receive Mexican pesos, bitcoins and U.S. dollars through Bitso.
“We are committed to developing the infrastructure required to revolutionise the incumbent remittance ecosystem in Mexico, harnessing the transformative innovations of cryptocurrency,”
said Bitso CTO and co-founder Ben Peters.
In addition to facilitating directly the creation of a US-Mexico corridor on the Ripple network, this latest development will enhance the functionality of the Bitso Bitcoin Exchange, allowing for easier funding of accounts and boosted liquidity. In addition to MXN issuance, Bitso, a member of the IRBA (International Ripple Business Association), is also an issuer of XBT (bitcoin) balances, with more currencies to come.
For more information about Bitso, please visit: Bitso.com