TARINGA!: SOCIAL NETWORK WITH 75 MILLION VISITORS TO PAY IN BITCOIN

Maybe you haven’t heard of Taringa! but that’s about to change. Think of Taringa! as a combination of Facebook and Reddit for Latin America. Based in Argentina, Taringa! claims a unique user base of 75 million, second only to Facebook itself in the region among social networks. And they have caught the bitcoin bug, with the help of Xapo, the California-based Bitcoin wallet and service provider.
Taringa! sees the economic value in Bitcoin
Bitcoin’s innovations solve a very important economic problem for Taringa! and many other growing businesses outside of Western society. Many people in Latin America do not have bank accounts or are’unbanked’. The infrastructure for widespread credit card account usage and payments lacks as well. Taringa! management sees the mainstream economic system as limiting to their growth potential, and Bitcoin can help fill in these huge gaps.
‘We have had this on our mind mainly because we think we can bring more people to create great content. And also because we think that it’s fair, given that all this that we have is just because our users are creating the content,’ Mr. Botbol told the Wall Street Journal. ‘But we never were able to do that because the infrastructure is horrendous – even if you send someone a check, [without sufficient banking services] they don’t know what to do with that.’

This post was published at Crypto Coins News on 22/04/2015.