Mexican Bitcoin Exchange MeXBT Eyes Latin American Trade and Remittances

Mexican cryptocurrency exchange meXBT announced the official launch of its professional trading platform in Las Vegas this Sunday at Money 20/20, one of the largest and most prominent conferences for payments and financial services innovation worldwide.
The company showcased its service in combination with AlphaPoint, the exchange technology solutions provider that powers the platform and user experience, allowing meXBT to focus on its broader and longer-term ambitions to expand within its home market of Mexico and Latin America. AlphaPoint provides the infrastructure for the exchange back-end, removing the need to hire developers.
COO and cofounder Joel Cano called Money 20/20 an ideal setting in which to debut meXBT as it extends beyond bitcoin and cryptocurrencies to banking and FinTech.
‘In order for us to be successful in this market in Latin America we have to think outside of the bitcoin community,’ he said. ‘We have to think as a solution for people that might have searched for banking solutions but haven’t found what works for them.’
MeXBT differentiates itself from other startups in Mexico and the bitcoin ecosystem in that it is more concentrated on developing partnerships and relationships with regional banks and payment processors, among other efforts for market penetration, than it is on refining the immediate solution – the trading platform – which it leaves to AlphaPoint.

This post was published at Coin Desk on November 2, 2014.