Bitex Partners With Bantotal

Hey ninjas, how’s the trading going? The largest cryptocurrency by market cap Bitcoin (BTC) has once again dipped below $11,000, BTC is currently trading around $10,600 and is reporting moderate losses in the last 24 hours. BTC is down 6.48% on the day. Top altcoins like Ethereum and ripples XRP are also reporting moderate losses in the last 24 hours. 

Bitcoin exchange Bitex has partnered with Bantotal (Uruguay-based financial software company) in order to expand its payment services to Latin America. The partnership was announced in a report published on the 13th of August. Bantotal reportedly functions in over 14 countries and provides services to 60 financial institutions, the firm's money management system is said to be used by over 20 million people. Bitcoin Argentina VP Leo Elduayen stated that the partnership between Bitex and Bantotal will definitely boost the number of Bitex users in Latin America.  

As a result of the partnership, Bantotal clients will be able to access Bitex exchange services through a market place hosting traditional financial services in its BDevelopers program. According to the report, Bitex will serve as a middle man for cross-border payments whose role is to convert from fiat currency to BTC, and then back to fiat again.

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