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 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:
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 Original article: http://www.coindesk.com/coinbase-bitcoin-latin-america-expansion/ |
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