Azteco arrives in Argentina to enable Bitcoin purchases in supermarkets – DiarioBitcoin
By Hannah Perez
Azteco wants to make buying Bitcoin in Argentina as easy as buying a vegetable in the supermarket. The startup is also looking to expand its coupon system to El Salvador and other Latin American markets.
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- Azteco announced its official entry into the Argentine market, seeking to facilitate the purchase of Bitcoin in physical stores
- The startup offers a system of redeemable coupons to buy Bitcoin, similar to gift cards
- Backed by Jack Dorsey, the company has been working on its expansion in Latin America
- He also reportedly wants to land in El Salvador, which could facilitate remittances
Buy Bitcoin In Argentina it will soon be as simple as buying a maple in the supermarket.
Azteca startup that facilitates the acquisition of Bitcoin through physical and digital coupons, has landed in Argentina and is looking for new partners in the region to offer its coupons. Bitcoin in physical locations throughout the country.
In a press release emailed to DailyBitcointhe company announced its intention to formalize alliances in the region that allow Argentines to access its coupons Bitcoin redeemable in commercial chains, kiosks, supermarkets, department stores, convenience stores and more, from locations located in the country.
“Azteco officially arrives in Argentina to offer a reliable alternative with international support to buy the most coveted cryptocurrency in the world both online and in stores, starting at USD $5“said the company.
Born in 2014, Aztec offers a unique way to shop Bitcoin, with a focus on making it easier for unbanked populations to access digital money. Users purchase a coupon Aztec at a local brick-and-mortar store, which they can then redeem for Bitcoin. The model works similarly to purchasing a gift card or recharging a mobile phone.
Carrying coupons Bitcoin to Latin America
The latest announcement of Aztec in Argentina it is part of the company’s expansion plans to Latin American markets. In mid-2023, the company forged alliances to enable purchases of its physical coupons of Bitcoin in more than 90,000 stores in Peru. He also made similar expansion announcements to Colombia and Costa Rica.
In the last 6 months, more than 100,000 vouchers were sold and “Operations are starting in Latam with the main focus on Argentina, Mexico, Colombia and Brazil“the team wrote in the press release.
The expansion ambitions of Aztec They would also contemplate the landing of the company in El Salvador, according to Tania Lea, director of Marketing and Business Development of Aztec for Latin America, in an interview with El Salvador Newspaper.
Currently, coupons are sold online through their website and with different vendors such as Bitrefill in more than 190 countries, however, they soon hope to partner with supermarkets and chains retail to offer its product in person in countries in the region such as El Salvador and Argentina, according to the aforementioned media.
Without having to go to a cryptocurrency trading platform, users can visit one of the points of sale in person to purchase a coupon with cash or card. Then they can go to the website of Aztec to redeem your ticket. The service is also offered on-line through transfers in national currency.
“We are on a mission to make it easy for everyone, everywhere, to use bitcoin every day. In particular, we want everyone to be able to get bitcoins in small amounts and without having to create or verify an account“Commented Akin Fernandez, co-founder of the company, in the statement.
Aztec could facilitate remittances in El Salvador
Aztec suggested that its efforts to expand its services in Latin America come in the face of growing demand for Bitcoin in the region, where more and more people are turning to cryptocurrencies as protection mechanisms against inflation and to protect themselves from the devaluation of fiat currencies.
In this regard, the team cited data from the analysis agency of Blockchain, Chainalysiswhich reveal that during 2023 Latin America registered a 40% growth in the volume of transactions carried out with cryptocurrencies, being Bitcoin.
The startup also shared on its social media channels the story of a young Argentine woman who claims to save a little Bitcoin each month as a way to ensure income for her daughter’s ballet classes.
Regarding El Salvador, Lea told the local media that he hopes that the product of Aztec can be used to facilitate the sending of remittances. For example, a person in the US can buy the voucher and send it digitally to a family member in El Salvador so that they can cash it without having to wait in long lines at traditional companies.
“It is a simple product that anyone can have at their disposal. We focus on usefulness for people. We recommend simpler wallets so they can receive. We want the user to be able to buy Bitcoin in person, in retail, supermarkets, in places where people pay for services.“, accurate.
Based in California, USA, Aztec has the support of the co-founder of Twitter and CEO of blockJack Dorsey, who led a USD $6 million financing round for the company a year ago.
Article by Hannah Estefanía Pérez / DailyBitcoin
Image courtesy of Aztec
WARNING: This is an informative article. DiarioBitcoin is a media outlet, it does not promote, endorse or recommend any particular investment. It is worth noting that investments in cryptoassets are not regulated in some countries. They may not be suitable for retail investors as the entire amount invested could be lost. Check the laws of your country before investing.
