BITPOS enhances the security and efficiency of transactions, reduces costs for merchants, and increases their profits, contributing to economic growth. Coincaex, a well-known cryptocurrency exchange, has launched the BITPOS system in Panajachel, Guatemala, with the goal of promoting tourism in the Bitcoin Lake area.
BITPOS allows local businesses to accept bitcoin and other cryptocurrencies, simplifying purchases for tourists without the need for currency exchange. Coincaex notes that BITPOS reduces costs and fosters financial inclusion at the local level.
The technology is already in use in restaurants, stores, and other establishments in Panajachel, supporting economic development and attracting more tourists.
