BitMinutes Announces Partnership With RED DE EFECTIVO, Creating Massive Footprint in Colombia
Summary
The deal dramatically increases BitMinutes’ footprint in South America, where the BitMinute token can be used as currency to buy goods and services, as well as issue micro-loans as low as $5.RED DE EFECTIVO has agreed to market and promote BitMinutes money transfer services and support financial inclusion and microlending to their network of over 20,000 partners nationwide.BitMinutes technology harnesses the decentralized power of the Ethereum blockchain by leveraging the digital ledger behind user data for making purchases, transferring money, generating loans and using airtime minutes.BitMinutes is a cryptocurrency backed by prepaid airtime minutes, a real asset already traded informally globally by billions of mobile phone owners.Tags: BitMinutes , blockchain , BMT , Columbia , Cryptocurrency , Ethereum , Financial Institution , Fintech , micro-loans , prepaid minutes , Red De Efectivo , Start-up