Brazil, Argentina and Peru Fire Up Crypto Craze in South America, Buda.com Supports SegWit

Operating out of Peru, Lima-based BitInka, one of South America’s largest cryptocurrency platforms, is catering to clients’ demands. It recently implemented SegWit support in its new hot wallet, and announced integration of Bitcoin Cash and Bitcoin Gold.

BitInka works with over 29 banks to process Bitcoin, Ethereum, Dash, Ripple and other cryptocurrency purchases, allowing customers in Peru, Argentina, Brazil, Colombia, Bolivia, Chile, Spain, Venezuela, Panama and China to buy and sell, and make transactions in their native currencies. For Bitcoin orders, SegWit, a soft fork change in Bitcoin’s transaction format, has made transactions faster and cheaper. To make the integration easy, BitInka automated the process. According to CMO Walter Salmeri, “The user must do nothing but place the address of destination or origin, and the platform will identify by itself what kind of operation it is, thus simplifying the process.”

Buda.com just announced its expansion into Argentina. The Chilean cryptocurrency exchange has 80,000 customers with existing operations in Chile, Peru and Colombia. The team calls itself the “gateway to the new global economy,” and has been fighting for consumers’ rights ever since Chilean banks Itau Corpbanca and Bancoestado, along with eight other banks, blocked cryptocurrency-related accounts in April.

Buda.com sued all 10 banks for arbitrary actions that were not predicated on existing law.

Chile’s anti-monopoly court,Tribunal de Defensa de la Libre Competencia (TDLC), has ruled that the bank accounts be reopened while the trial is pending. La Tercera reports that Bancoestado, Chile’s only public bank, is planning to comply while Buda.com is currently waiting for the block on its accounts to be rescinded.