Bitek is a new launch by BCH. It is a brand new payment processor of the Bitcoin Cash network. This system allows merchants from Columbia to accept BCH and convert Pesos as and when their need.
Bitek’s business model is considered to be somewhat similar to the Bitpay Service system as it offers BCH based merchant transaction processing, invoicing and accounting services for the convenience of customer management.
Bitek’s Founder, Javier Barrera recently spoke at the Satoshi’s Vision Conference in Tokyo and detailed how his team is integrating BCH into Colombia’s retail market.
Javier Barrera and Andrés Rivera are the Co-founders of Bitek. Their passion for Bitcoin Cash is explained in an interview with the Latin American Publication, Diariobitcoin. The Co-founders stated:
“BCH is a better Bitcoin and it is the asset that best fits with the definition and the philosophical line proposed by Satoshi Nakamoto.”
Barrera and Rivera explain the benefits of Bitek for merchants looking for a BCH payment gateway such as liquidity with a remuneration in Colombian Pesos, protection from cryptocurrency volatility, and accounting.
According to the article posted on the official website of BCH, they say:
“Bitek plans to launch a marketplace as well that facilitates trades between buyers and sellers and payments made with Bitcoin Cash. Further Bitek has detailed it has been in talks with BCH-based firms such as Centbee and Nchain concerning future collaborations. The startup has also organized BCH meetups on a weekly basis at popular venues like the Revellion Cultu-Bar. Bitcoin Cash supporters seem pleased with another addition to the slew of companies offering BCH infrastructure services.”
Merchants who are interested in using Biteks services have to register and fill out the information on Biteks website for the facilities related to the payment gateway, deposits in BCH, and conversion to Colombian pesos.
On the official twitter handle of BCH they tweeted their Bitek article, caption being:
“BCH Payment Processor Bitek Allows Colombian Merchants to Convert to Pesos… #bitcoin “
The part where the official Twitter handle of BCH uses “#Bitcoin” while they pretend to be Bitcoin and not Bitcoin Cash is one of the major reasons amateur crypto investors have trust issues.
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