Bull Bitcoin Kicks Off International Expansion in Costa Rica in Partnership with Bitcoin Jungle
"Bull Bitcoin’s entry in the Costa Rica Bitcoin market officially kicks off our long-awaited international expansion. Over the next 12 months, Bull Bitcoin will become available to over a billion people worldwide," was announced in a blog post.
"Bull Bitcoin is the first and only Bitcoin exchange in Costa Rica that lets users buy and sell Bitcoin using SINPE Movil, the country’s most primary fiat payment system."
"It is estimated that over 90% of Costa Rican consumers use SINPE, a phone number-based payment network, which means that almost every Costa Rican now has access to a low-cost, secure and instant Bitcoin on-ramp and off-ramp."
"For the first time ever, both Ticos (Costa Ricans) and foreigners can convert Colones to Bitcoin and Bitcoin to Colones without needing complicated international bank transfers and expensive foreign currency conversion. Bull Bitcoin also allows conversion to and from bank accounts (IBAN) both in CRC and USD via regular bank transfers."
"The Bull Bitcoin service is currently only available to users of the Bitcoin Jungle wallet."
"Also important to mention: this feature is ONLY available via Lightning Network," said Francis Pouliot, CEO of Bull Bitcoin.