
Guillermo Contreras -DitoBanx Accept Visa & MC payments and Settle in Bitcoin Without a Bank Account
About this episode
The Future is here! DitoBanx doesn't take your money for re-investment.
DitoBanx is a financial technology company that uses innovative solutions for digitizing money for everyone in Latin America with Bitcoin as the most important ingredient in the recipe.
Guillermo Contreras of DitoBanx tells Mike Peterson that through their POS system business owners can now accept Visa and Mastercard payments and settle in Bitcoin without a traditional bank account.
That's correct - settle Visa and Mastercard payments to your Bitcoin Wallet.
Guillermo Contreras also explains that DitoBanx can then offer micro-loans to their clients.
Education is an important part of the process in El Salvador. Guillermo Contreras wants to make sure that every client, including an un-banked first time user can take advantage of this financial tool.
Along with education Guillermo Contreras is looking to allow kids to use this new financial tool.
"One of our plans is to start creating a generation of digital entrepreneurs with the card , with the wallet they are able to, for example to buy stuff in China, pay with the card, pay for the shipping with the card, bring it to El Salvador, sell it on FaceBook (Marketplace) ... and receive their payments directly on their digital wallet in a peer to peer transaction and then go to an ATM and withdraw their money" - Guillermo Contreras
Now that DitoBanx is providing this service individuals will be able to withdraw cash using ATM's from their Bitcoin wallets.
"If you see our logo, you see a big Bitcoin on there, there is no other company having a big Bitcoin on their logo. That's the big difference for us... that's the big difference." - Guillermo Contreras
This is ground-breaking financial tech information here.
MUST WATCH !!!
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