The company will launch the first crypto card in the region that will allow users to buy in any business or online store using their cryptocurrencies.
Lulubit, the cryptocurrency exchange , announced the growth in its presence and participation in the Panamanian and Central American market through the app that allows you to buy and sell cryptocurrencies from all banks in Panama and Guatemala.
With a constantly evolving economy and greater digitization of financial services, cryptocurrencies are gaining ground as an investment alternative, to store value and to send and receive payments.
Since its launch, Lulubit has sought to establish itself as a reliable, but also easy-to-use platform for buying and selling cryptocurrencies. They operate in Panama and Guatemala, markets in which they have more than 15,000 users, with whom they have processed more than 30,000 transactions for more than US$ 2.5 million, with a significant increase in the last month, coinciding with currencies like Bitcoin reaching its ATH (all-time high value).
Lulubit's growth in Panama and Central America coincides with a general increase in interest and adoption of cryptocurrencies in the region, for this reason, they are soon about to enter the Honduran and Costa Rican markets.
"We are delighted to see the adoption of Lulubit in Panama and Central America. Our team works very closely with users to listen to their needs and concerns so we can continue developing the app to help them, and this growth is a testament to that effort," said Ianir. Sonis, CEO of Lulubit.
Likewise, they will be launching the first crypto card in the region that will allow users to buy in any online store or business using their cryptocurrencies. In this way, they demonstrate that cryptocurrencies can be used as an investment and also to pay in the real economy every day. This investment product allows you to generate a return on the digital assets that users have in their wallet.
They were recently invested by the American investment fund specialized in crypto: Alliance, whose acceptance rate is less than 1.4% of all the companies they evaluate. In addition, Lulubit has already received an investment of more than US$ 1.1 million from funds from Panama, Mexico, Argentina and Guatemala and investors from these countries.
