Bitcoin’s potential to cut credit and debit transaction fees and exchange rate costs is often seen as its biggest advantage to international businesses.
However, to entrepreneurs in developing countries the virtual currency represents an even greater opportunity: the end to costly trade restrictions that inhibit their profits and ability to compete.
Ulf Kuhn, founder of Chile-based telemarketing business Telemarketing Facil, has learned this lesson firsthand. The German native moved to Chile three years ago to export business ideas and learn more about developing markets.
February 06, 2014 at 10:29AM
