Colombians have had to rely on foreign services and exchanges in order to buy and sell Bitcoins.
The problematic nature of this was illustrated best by the failure of Tokyo-based exchange Mt. Gox many moons ago. Regardless of whether you trust a foreign exchange are not, in the event that you lose your money, your options for recuperation are limited. Enter CriptoBanco, a Localbitcoin trading platform launched by Merkabahnk with the help of Mimetic Markets. It has a wallet hosted by the world leader in cryptocurrency security, BitGo, who, as we recently reported, now offers the additional security of insurance to its clients in the unlikely event of catastrophic failure. CriptoBanco believes that the world banking cartels and government monopolies on money are due largely to a lack of options at the consumer level. Trading at CriptoBanco Registration is smooth and fast – enter your e-mail address and a password, and you’re already near done. To use the platform, you’ll have to give up the usual details, similar to what you must do at CoinBase or any of the other firms commonly accepted as legitimate. This is seen as important for the security of the other users as much as it is a way of staying friendly with governments and not getting quickly shut down. Read More @ https://www.cryptocoinsnews.com/colombia-gets-first-local-bitcoin-exchang
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