TechFlow news: Canadian non-custodial Bitcoin exchange Bull Bitcoin has partnered with Costa Rica's primary fiat payment system SINPE Movil and local crypto wallet solution Bitcoin Jungle.
Citizens and foreigners in Costa Rica can now convert the local currency, the colón, into Bitcoin and vice versa. Bull Bitcoin also enables users to exchange colón and U.S. dollars between bank accounts (IBAN) via regular bank transfers.
The collaboration will operate through the Bitcoin Jungle wallet. Users can send fiat currency via SINPE Movil to Bull Bitcoin and receive Bitcoin (BTC) in their Bitcoin Jungle account. This will allow merchants to quickly and efficiently convert their Bitcoin into fiat currency, increasing their confidence in accepting Bitcoin payments.
