Arley Lozano, founding father of the cryptocurrency based totally startup Panda Workforce, lately defined how his company is spreading cryptocurrency adoption all the way through Colombia and Venezuela. Panda Workforce has deployed 10 hybrid cryptocurrency point-of-sale (PoS) terminals that still act as computerized teller machines (ATM). 4 of the machines are positioned close to the border of Venezuela, giving refugees from the rustic and Colombian voters get right of entry to to cryptocurrencies like BCH, DAI, and BTC.

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Spreading Crypto Adoption Right through Colombia and Into Venezuela

In January, reported on Panda Workforce putting in a hybrid PoS terminal that still works as a virtual forex shelling out computerized teller gadget (ATM). On the time the gadget was once dubbed the “Exeler,” however since then the product has been rebranded as Pandabtm. Panda Workforce’s founder Arley Lozano mentioned his group up to now has put in 10 Pandabtms round Colombia and 4 machines are at the border of Venezuela in Cucuta town. The machines will also be positioned on and units put in close to the border are supposed to assist Venezuelan refugees who pass the Simon Bolivar Global Bridge on a daily basis.

Panda Group’s Crypto Terminals Offer Venezuelans a Bridge to Economic Prosperity
Simon Bolivar Global Bridge.

Panda Workforce emphasised that the machines procedure VES (Venezuela soberanía bolívar ) and COP (Colombian pesos). The units permit somebody to procedure bills during the cost gadget, which supplies customers having the ability to steer clear of fiat forex volatility. The machines procedure gross sales the usage of a virtual asset like bitcoin money (BCH) or guests too can acquire cash from the Pandabtm. Lozano instructed that the corporate has 15,000 customers and 3 new partnerships. Panda Workforce is participating with Cobru, Gracon, and Pagos Inteligentes. Panda Workforce’s founder defined that the brand new alliances are supposed to bolster true cryptocurrency adoption all the way through Latin The united states.

Panda Group’s Crypto Terminals Offer Venezuelans a Bridge to Economic Prosperity

Opening Operations in Our Personal Area

Along with the Pandabtm installations, Lozano mentioned that Panda Workforce’s buying and selling platform is permitting all Colombians to deposit and withdraw COP. On July 15, accounts will have the ability to business 113 other cryptocurrencies and tokens in opposition to the native mushy. The founder mentioned that that is the primary time the door has opened in his nation because the group, based totally in Colombia, have prior to now labored all the way through Panama, Europe, and Portugal.

Panda Group’s Crypto Terminals Offer Venezuelans a Bridge to Economic Prosperity
The founding father of the cryptocurrency based totally startup Panda Workforce, Arley Lozano, appearing off a Pandabtm.

“Panda Workforce is a Colombian and Venezuelan corporate that began its operations virtually 3 years in the past with the hope of opening our operations in Colombia and producing true Latin American adoption. Alternatively, due to the slowness and fears we ended up running out of doors of Colombia, in areas like Panama and Portugal,” Lozano defined, including:

Now we come to open operations in our personal area and we are hoping that the Colombian executive and the native banks see us as allies. Panda Workforce desires to inspire the actual schooling of bitcoin and cryptocurrencies and heal the injuries led to through Ponzis and pyramid schemes that plagued Colombia.

Panda Group’s Crypto Terminals Offer Venezuelans a Bridge to Economic Prosperity
Pandabtm places.

Pushing the Orange Financial system to the Blockchain

Lozano insisted that Panda Workforce desires the rustic’s voters to understand what true blockchain innovation and cryptocurrency answers are. He famous that the Panda group is stuffed with passionate and proficient people keen to paintings exhausting for that purpose. The Panda Workforce founder detailed that Latin The united states was once an “orange financial system” stuffed with cultural and artistic marketers. Between the Panda Workforce group, the,, Pandabtm, and Xpay, his workforce is able to take the “orange financial system to the blockchain stage.” Lozano commented additional:

We will be able to assist the entire people who wish to be told what cryptocurrency era is or lend a hand them in purchasing their first virtual forex the usage of considered one of our many services and products the place you’ll be able to purchase BCH, BTC, and extra.

Panda Group’s Crypto Terminals Offer Venezuelans a Bridge to Economic Prosperity
Pandabtm places positioned close to the Venezuelan border consistent with

The call for for virtual property in Colombia exceeds many different Latin American international locations and the area is 2d to Brazil with regards to adoption. In truth, Rodolfo Andragnes, govt director of NGO Bitcoin Argentina, defined that there’s clamor surrounding bitcoin and its “reputation has been spectacular making an allowance for that it’s been simplest ten years and loads of latest cryptocurrencies were created.” “Brazil, Argentina, Mexico, Venezuela, and Colombia are the international locations with the best process and expansion in using cryptocurrencies all the way through Latin The united states,” Andragnes mentioned in June. “Colombia has nice possible and an increasing number of other folks see some great benefits of Bitcoin,” the NGO Bitcoin Argentina govt defined . Located in Bogata, Lozano is of the same opinion that Colombia is a drive to be reckoned with with regards to virtual asset utilization and general process in Latin The united states.

Panda Group’s Crypto Terminals Offer Venezuelans a Bridge to Economic Prosperity
Mobile phone store proprietor appearing off his Pandabtm in L. a. Parada mall.

Some of the Pandabtm machines positioned in Cucuta close to the Simon Bolivar Global Bridge is geared toward serving to Venezuelan refugees break out the hardships in their troubled financial system. The 300-meter-long bridge spans the Táchira River which covers the Colombian and Venezuelan border. Cucuta is an get right of entry to level for plenty of Venezuelans in search of protection from the rustic’s financial disaster. The Simon Bolivar Global Bridge sees a large number of foot visitors as Venezuelan president Nicolás Maduro closed the bridge to vehicular visitors.

“1000’s of Venezuelans pass the bridge,” Lozano instructed “No vehicles are allowed to pass the bridge and simplest other folks can pass taking elementary stuff like drugs, meals, and provides. They move thru to shop for meals and a few of them are crossing to succeed in Peru or Ecuador. They move and now and again keep a couple of days — Some move to paintings and go back house within the evening.”

Panda Group’s Crypto Terminals Offer Venezuelans a Bridge to Economic Prosperity
A super collection of Venezuela’s refugees move thru Cucuta, crossing the Simon Bolivar Global Bridge.

The Pandabtm situated around the Táchira River is in Villa del Rosario Town which sees huge numbers of Venezuelan vacationers day-to-day. Lozano is happy with the strides Panda Workforce has been making and concluded that the corporate’s targets come with expanding cryptocurrency ease of use and spreading financial prosperity. The Panda Workforce founder added:

Our merchandise are designed in order that even our grandparents can use them and we’re at all times considering of our Venezuelan brothers and sisters.

What do you consider what Panda Workforce has been doing in Colombia and Venezuela? Tell us what you consider this matter within the feedback segment beneath.

Symbol credit: Shutterstock, Pixabay, Arley Lozano,, and Panda Workforce.

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