When it comes to Bitcoin Brazil is one of the leading countries in Latin American by market volume and adoption levels. Today, the biggest Brazilian Bitcoin exchange announced the acquisition of BitInvest, a payment processor.
FoxBit is the leading Bitcoin exchange in Latin America by market volume, with over 450 Bitcoins per day in transactions.
The company announced today the acquisition of BitInvest, a Brazilian exchange and Payment processor offering merchant tools. The operation is quoted at approximately $1 million.
BitInvest users will see all their accounts and deposited funds get automatically transferred to FoxBit. The former CEO of BitInvest, Flavio Pripas, will have a board seat at FoxBit.
http://themerkle.com/brazilian-bitcoin-exchange-foxbit-acquires-payment-processor/
