It has been reported that crypto payments can be made directly through LatamConnect, a platform that connects directly with BitPay. Crypto payments made through BitPay are settled in local fiat currency.
However, GoldConnect said that its embrace of crypto payments reflects the growing demand for such services across the 17 Latin American and Caribbean countries in which it operates.
Jeremy Villalobos, the Chief Operating Officer of GoldConnect, said:
"As a disruptive telecom provider in the LATAM region, we must continuously embrace the latest technologies and business methods to improve the interaction and experience of our clients."
Likewise, Shaun Worley, the Vice President of BitPay, said:
"GoldConnect realizes the potential for crypto to transform the wholesale telecommunication industry, making payments faster, more secure, and less expensive on a global scale."
El Salvador, recently, became the first country in the world to recognize Bitcoin as legal tender, setting the stage for mass adoption in the region. Political representatives from several countries, including Brazil and Panama, have also expressed an interest in embracing Bitcoin.
As reported earlier, Bitso recently became Latin America’s first billion-dollar cryptocurrency exchange.
Thus, it took Bitso six years to bring in 1 million users and another 10 months to register 2 million, highlighting the steep adoption curve during the 2020–2021 bull market.