Home CryptoNews Companies LATAM Telecom Giant GoldConnect Now Accepts Cryptocurrencies as Payments

LATAM Telecom Giant GoldConnect Now Accepts Cryptocurrencies as Payments

GoldConnect, a leading wholesale telecommunications provider in Latin America and the Caribbean, is now accepting crypto assets as payments through crypto payment processor BitPay.

GoldConnect announced the news in a press release on Tuesday, June 15th. According to the company, it will accept cryptocurrencies as payments through its LatamConnect platform. To make this possible, GoldConnect has integrated BitPay, the world’s largest provider of Bitcoin and cryptocurrency payment services since 2011.

GoldConnect is a leading telecommunications provider with a presence in 17 countries in Latin America and The Caribbean. The company provides network solutions, cloud connection, network security, and data center services in more than 33 countries in the LATAM region.

bitpay

GoldConnect said that by expanding payment options with BitPay, it aimed to draw new clients and deal with the growing demand for versatile and easy-to-use crypto payments.

Jeremy Villalobos, COO at GoldConnect, commented:

“As a disruptive telecom provider in the LATAM region, we must continuously embrace the latest technologies and business methods to improve the interaction and experience of our clients. BitPay manages the entire payment process to securely receive crypto from the customer and deposit cash into our account.”

BitPay, founded in 2011, is a pioneer in blockchain payment processing. The company offers businesses a digital asset management solution that includes the BitPay Wallet and BitPay Prepaid Card, enabling them to turn digital assets into dollars for spending at tens of thousands of businesses. The company is currently celebrating its 10th birthday.

Talking about the partnership with GoldConnect, Shaun Worley, Vice President of Product at BitPay, said:

“GoldConnect realizes the potential for crypto to transform the wholesale telecommunication industry, making payments faster, more secure, and less expensive on a global scale. Our goal at BitPay is to make accepting crypto a seamless process and increase adoption as crypto is the future of payments.”

The Crypto industry is seeing major development in the Latan American region. Most recently, El Salvador has passed a bill that has made the largest cryptocurrency Bitcoin a legal tender. It now mandatory for all businesses in the country to accept and deal in Bitcoin. According to some reports, the government will also be releasing an official Bitcoin wallet, although it will not be mandatory.

Furthermore, a report by the UK investment firm AJ Bell finds that British people invested more in crypto assets than stocks and shares-based investments in the last year. More than 70% of investors reported profits on investments. These stats show that crypto is now rapidly towards mainstream adoption and much more is to come from the industry.


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Atiq Ur Rehman
Electronics Engineer with a passion to write about Disrupting Technologies like Blockchain. He joined Crypto-Economy in July 2019.
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