Bitcoin company Coinbase plans to expand into Asia and Latin America next year

Bitcoin company Coinbase plans to expand into Asia and Latin America next year

Coinbase is looking to expand its bitcoin trading business to other parts of Asia and Latin America.

At the Money20/20 conference, Coinbase product manager亚当•怀特told CoinDesk that the goal is to expand Coinbase's operations to 40 countries by next year, with Asia and Latin America being the primary focus areas.

In September this year, Coinbase used Singapore as a pilot to test the Asian market for the first time, and the Latin American market is a brand new market for Coinbase.

White said a new announcement about the expansion could come in December or January, depending on whether Coinbase can get through local regulators.

Recently, the application of blockchain technology has become very popular. For example, Coinbase's local competitor itBit also joined this field in August. However, White said that Coinbase has no plans in this regard and they will not launch private blockchain related products for corporate merchants.

He told CoinDesk:

“Our position at Coinbase has always been to be the infrastructure for bitcoin, providing buy and sell services.”

Coinbase should continue to strengthen its partnerships with payment companies that provide consumer-facing services, as well as those that invest in startups, White said.

Investors behind Coinbase include BBVA Ventures, the venture capital firm of Spanish bank BBVA, the New York Stock Exchange (NYSE), and USAA, a financial institution that specializes in providing services to military personnel. USAA recently launched a pilot project in cooperation with Coinbase, allowing Coinbase users to check the Bitcoin balance in their Coinbase accounts through their USAA accounts.

The expansion is the latest in a series of developments that Coinbase set in 2015 as a goal to become an international company.

When Coinbase completed its $75 million Series C round of financing in early January this year, CEO  布瑞恩•阿姆斯特朗predicted that Coinbase's business could expand to more than 30 countries by the end of 2015. Brian's prediction has come true, and Coinbase's business has expanded to 32 countries.

Original article: http://www.coindesk.com/coinbase-bitcoin-latin-america-expansion/
By Pete Rizzo
Translator: printemps
Editor: printemps
Source (translation): Babbitt Information


<<:  48% of respondents believe Bitcoin will be worth more than $500 by 2016

>>:  Former Reddit engineer leaves to develop decentralized social platform Datt

Recommend

Celebrities with very serious upturned noses

"As the name suggests, an upturned nose refe...

The most wealthy man

The most wealthy man One can observe whether a pe...

What kind of palm lines are the best and most blessed?

Everyone hopes that their life will be smooth sai...

How to read girls' palms

We can tell what kind of woman she is from the li...

Jasminer X4-Q Silent Calculation Server Review

The price of Jasminer X4-Q has been reduced, and ...

How to tell if a woman is good for her husband and brings him wealth

Generally speaking, women who can bring good fort...

What are the effects of a concave nose on a person's appearance?

The nose is located at the center of the facial f...

What kind of man is lustful?

There are many lustful men in life; so in terms o...

Where a woman has a mole, her fate is like a treasure pot

Having a life like a cornucopia is something to b...

How to read the fortune of men and women in palmistry

A person’s fortune can be seen from his palms; so...

The recent problems with Nvidia mining

1. Except for P104 and P106, the computing power ...

Let others do things that you can do first.

When doing something, some people's principle...