On May 28th, a new Bitcoin exchange opened its doors, BitMarket Colombia.
BitMarket Colombia is owned and operated by Markus Döbele, a native of Germany. Having access to bank accounts in both countries and already using the European exchanges, Markus thought that Colombians should also have access to a similar Bitcoin market. As a result of the creation of his exchange, Bitcoins can now be exchanged for the Colombian Peso.
The site is hoping to receive coverage in local magazines and newspapers in order to grow its user base, however, in a country with 10% annual inflation, the potential market seems obvious. Markus believes Bitcoin could play an important role for Colombians as a means of preserving their wealth.
Anytime a new market gains access to Bitcoin, it’s a pretty big deal. Hopefully we’ll begin seeing Bitcoin penetrate other markets in the near future.