Colombian Cryptocurrency Project Kmushicoin Gains Popularity as Adoption on Local Stores Grows – Altcoins Bitcoin News


Colombian Cryptocurrency Project Kmushicoin Gains Popularity as Adoption on Local Stores Grows

A Colombian entrepreneur has joined forces with a Venezuelan teenager to launch a cryptocurrency in Boyacá, Colombia. The region is now known in the local crypto industry as the home of the most popular emerging local crypto in the country.

Over 5,000 People From Other Countries Currently Hold The “Bitcoin Boyacense”

Kmushicoin, popularly known as “bitcoin boyacense,” was created by Germán Viasus, a local environmental engineer, and José Carmelo Campos, a Venezuelan programmer.

The creators of the “bitcoin boyacense” say that kmushicoin can be considered the first “environmental cryptocurrency” globally. Currently, it’s also the most valuable Colombian cryptocurrency in the market.

In fact, Viasus pointed out in an interview with local TV program Testigo Directo that it was initially created to sell stocks from the company Tierra Viva. The firm is a Boyacá-based entrepreneurship that transforms solid waste into organic compost through beetles.

About the name of the Colombian cryptocurrency, Viasus stated that it was inspired by the Japanese word “kabutomushi,” which means a Japanese rhinoceros beetle.

Campos, considered by Viasus as the mastermind behind kmushicoin’s technical aspects, says they don’t stop to perform innovations on the cryptocurrency. He means creating educational resources, launching wallet apps, among other tasks.

The masterminds behind the Colombian crypto claim over 5,000 people in the U.S., Brazil, Colombia, and Russia already hold kmushicoins. Moreover, local shops and restaurants in Boyacá are accepting payments with the cryptocurrency.

The interview features videos of some stores with QR codes that accept kmushicoin as a means of payment and even offer deals if people pay with the “bitcoin boyacense.”

Kmushicoin Has Been Unstoppable Since Its Creation

On the price of a kmushicoin, one token is worth $2.54 as of press time. The coin started to trade at $0.1 when it was created by Viasus and Campos in 2019.

The Colombian token has then been skyrocketing, reaching $1.5 in 2020. At the start of 2021, kmushicoin surpassed its all-time high and exchanged hands at $3.9.

According to the creators, a kmushicoin buyer is also considered a “provisional owner” of Tierra Viva. One person is allowed to purchase only 3.5 million kmushicoins.

Tags in this story
altcoin, colombia, colombian, Colombian Payments, Cryptocurrency, entrepreneurship, environmental, Latin America

What do you think about this emerging Colombian cryptocurrency? Let us know in the comments section below.

Felipe Erazo

Born in Colombia, Felipe earned a degree in journalism at the University of Chile with the highest honor in the overall ranking and holds a Bachelor of Arts in Social Communication. He is a writer with more than nine years of experience, first in the Forex field and later in the crypto industry as an analyst/news junkie. Among his interest topics include human rights, decentralization, financial markets, geopolitics, sports, and new technologies. An inveterate traveler, and always attracted to a good plate of food.

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