Bitcoin exchange CEX.IO has partnered with payment solution provider AstroPay to launch local currency account deposits and withdrawals in Latin America.
Prior to this deal, CEX.io users in Latin America were only able to deposit and withdraw funds via bank transfers or cards.
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Through this partnership, CEX.IO’s customers in Argentina, Brazil, Chile, Colombia, Peru, Mexico and Uruguay can now purchase bitcoin for cash in their local currency.
Using AstroPay, consumers in China and Turkey can add funds to their account in their respective currencies, CEX.IO said in a statement.
AstroPay will charge a transaction fee of 2.5% for both deposits and withdrawals performed via online banking.
CEX.IO chief information officer Jeffrey Smith said: "Our decision to choose AstroPay as a partner is based on a thorough research of the LATAM region and multiple requests from CEX.IO user. Literally, our users will be able to buy Bitcoin for cash in their local currency. And that is incredible."
