Consumers Can Now Pay for Bunkers Using Bitcoin in Colombia

After receiving the necessary permits from the country’s authorities, Colombia-based physical provider CI Worldwide Fuels is now able to accept payments for bunkers in digital currencies such as Bitcoin and Ether. According to Jaime A Ochoa Muoz, President of CI Worldwide Fuels, the move is in response to increased demand for gas funds in the country using bitcoin.

“Our treasury division has spent a great deal of time putting together the necessary requirements for the federal government in order to accept such contributions, and I’m thrilled that this has now been completed,” he said.

“It’s a massive second,” says the narrator. We’re the first company in Colombia to accept cryptocurrency as payment for oil, and we’re also a pioneer in the bunker industry as a whole.

“This new tool will facilitate business exchange and make our company more vibrant,” he added.

Colombia has recently experienced a surge in interest in cryptocurrencies, with Bitso, the leading Latin American cryptocurrency exchange platform, releasing its app in the country last month. Colombia “is a tremendously exciting market in terms of cryptocurrency,” CEO Daniel Vogel told Reuters at the time.

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