coinBR, based in Paraguay, mines Bitcoin (BTC), Monero (XMR), Ethereum (ETH), Zcash (ZEC) and DASH. These currencies are mined for both coinBR and for their clients allowing them to own, host and manage their own cryptocurrency. Miners can cost between $1,000 to $3,600 per machine on a once off payment.
Since achieving huge success in Latin America in the cryptocurrency trading and mining arena, the next step for the company is to explore the African market and South Africa was chosen as the point of entry due to its fintech hub and economic structures. In other countries in Africa the flat currency can be unstable and have fluctuating rates and Bitcoin offers a blanket security. In Bitcoin, the system ensures the trust and is set to take off in Africa.