Bancolombia and Gemini announced a partnership through which the Colombian bank will offer its customers the possibility to buy and sell bitcoin. Starting from December 14th, Bancolombia will offer its clients an on-and off-ramp to trade Bitcoin Cash(BCH), bitcoin(BTC), Ether(ETH) and Litecoin(LTC).
Gemini’s Principal of Strategy and Corporate Development, Cynthia del Pozo García, stated that “Crypto is borderless by nature, and we are committed to expanding crypto access to individuals across the globe.” And particularly, “The partnership also serves as an important step toward the strategic expansion of Gemini’s presence in Latin America.”
This partnership is part of a one-year pilot program that the Colombian government is sponsoring to bring bitcoin and cryptocurrency services to citizens. Specifically, the program will run through the country’s financial regulator, the Superintendencia Financiera de Colombia (SFC). As part of this program, the SFC also announced in January that other companies that are going to partner with Colombian banks are Binance and Bitso.
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