BitPagos Enables Bitcoin Payments For Largest Latin American E-Commerce Solution

Buenos Aires-based bitcoin company, BitPagos, has finished integrating their bitcoin payment solution into Latin American e-commerce platform, Entrepids. The partnership will make it possible for Entrepids clients to accept Bitcoin for their online stores, including Best Buy Mexico, and high-end retail store El Palacio de Hierro.

BitPagos is focused on bringing bitcoin to South and Central America, and has been working on signing up physical businesses to their bitcoin payment processing service. This is the first major deal the young startup has struck with a major Latin American e-commerce company.

"Entrepids is one of the pioneers in implementing e-commerce solutions in the region. It gives us the opportunity to offer the advantages of this new technology for online payment, which is revolutionizing electronic commerce, and make it available to brands and leaders in a very simple way for companies,” said BitPagos CEO and co-founder, Sebastian Serrano, in an interview with PulsoSocial.

Entrepids To “Encourage Adoption”

Entrepids works with the leading Latin American brands, supporting them in the design and implementation of eCommerce solutions. The service is similar to that of Shopify and allows merchants to accept payments from PayPal, Magento, Power Ventas and SalesForce.

Now that BitPagos is integrated into Entrepids’ technology, accepting Bitcoin will be “very, very easy” for online merchants. And according to Serrano, Entrepids will take an active role in encouraging its users to accept Bitcoin.

"There is no doubt that BitPagos is popularizing Bitcoin’s adoption. Companies and regional businesses are no strangers to this and by allying with BitPagos, we are facilitating our customers to have an innovative approach to this new consumer market, in the same way that it is successfully going on in other parts of the world." – Sergio Solanot, Entrepids CEO

Latin America and Bitcoin

Bitcoin’s potential in developing regions of the world has been a hot topic in many digital currency circles, including Latin America. In particular Argentina, a country with high inflation and crippling capital controls, has been seen as country with a lot of a potential to become a hotspot for the currency.

Recently, Bitcoin storage service and payment service Xapo integrated its bitcoin payments solution into one of the largest Latin American social media networks, Taringa. And that is just the most recent example of increasing bitcoin adoption in the region. Earlier this year Chile’s first bitcoin exchange launched an exchange for institutional digital currency trading in Brazil.