Get All Access for $5/mo

New to cryptocurrencies? The Mexican platform Bitso can help you Bitso a digital exchange platform that allows its users to buy and sell digital currencies with each other. That is, a supply and demand system that takes you by the hand.

This article was translated from our Spanish edition.

Wirestock Creators | Shutterstock

Bitso is a Mexican platform for the use, purchase and sale of cryptocurrencies. Founded in 2014 by Pablo González and Ben Peters , this platform is the first in all of Latin America to be regulated. It currently has more than four million users and within its system there is a list of 30 different cryptocurrencies, which you can buy and sell through its platform. Through a bank transfer (SPEI) you can send money to the application and convert from Mexican pesos to any of the cryptocurrencies offered by the platform. The system offered by the platform is quite intuitive , so at no time will you feel lost or confused about the process of converting your money to cryptocurrencies.

Mexico is currently one of the countries in Latin America with the most users who interact with cryptocurrencies, only below Brazil and Colombia. It is a market that is still in position, but that is taking firm steps to be one of the most important for cryptocurrencies in the future.

The platform, which generates profits through small commissions that it charges users when buying and selling its different currencies, had a significant growth during the pandemic , in addition to the huge increase in investment capital by its users. Another noteworthy fact is that Bitso is the company that is responsible for supplying bitcoin to El Salvador , a nation that has drawn the attention of the entire world by becoming the first country to accept bitcoin as a fully legal currency .

Bitcoin is a high volatility digital market operated from different computers throughout the world, which generates a practically inviolable security network, this database protection system is called blockchain . Bitso has allowed millions of users to easily access this type of market that may seem complex to those who are not familiar with the subject. Bitso has been the Latin American key to the volatile world of cryptocurrencies. Despite being an already consolidated company, the platform continues to grow and it would not be unusual to see this Mexican company listed on the stock market in a few years.

A couple of days ago, the Colombian delivery company, Rappi, announced that it has started a pilot program for payments with cryptocurrencies using Bitso (and the American Bitpay).
Entrepreneur Staff

Entrepreneur Staff

Editor

For more than 30 years, Entrepreneur has set the course for success for millions of entrepreneurs and small business owners. We'll teach you the secrets of the winners and give you exactly what you need to lay the groundwork for success.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Business Solutions

Increase Productivity with This Microsoft 365 Subscription, Now $25 Off

It can make the entrepreneur life a lot easier.

Business News

Apple Pay Later Is Ending. Here's What's Taking Its Place.

The program was available for less than a year.

Leadership

This Artist Answered a Businessman's 'Powerful' Question — Then His Work Became 'the Poster Child for Juneteenth': 'Your Network Really Becomes Your Net Worth'

Reginald Adams was the executive director of a Houston-based art museum for more than a decade before he decided to launch his own public art and design firm.

Leadership

Harvard Business School Professor Says 65% of Startups Fail for One Reason. Here's How to Avoid It.

Team alignment isn't nice to have -- it's critical for running a successful business.

Business News

Here's What Companies Are Open and Closed on Juneteenth 2024

Since it became a holiday in 2021, Juneteenth has been recognized by some major corporations as a paid day off.

Growing a Business

I Hit $100 Million in Annual Revenue by Being More Transparent — Here Are the 3 Strategies That Helped Me Succeed

Three road-tested ways to be more transparent and build relationships that can transform your business — without leaving you feeling nightmarishly over-exposed.