AgenteBTC

AgenteBTC is a Peruvian cryptocurrency fintech on a mission to bring the unbanked population of Latin America into the digital economy. Founded in September 2019 and headquartered in Lima, the company bridges the gap between physical cash and digital assets by pairing a mobile wallet with one of the region's largest retail agent networks. Its tagline — "Connecting all LATAM with one wallet" — signals ambitions that reach well beyond Peru's borders.

The Problem It Solves

Peru, like much of Latin America, has a large population that remains either unbanked or underbanked. Traditional financial rails require government-issued IDs, credit histories, and bank branches that simply do not exist in many communities. Crypto has long promised financial inclusion, but on-ramps still tend to assume a bank account or a credit card. AgenteBTC attacks that gap directly: it lets users fund a crypto wallet with physical cash at a corner store, removing the need for a traditional bank relationship at every step.

Core Mechanism: Digital Wallet Meets Physical Network

AgenteBTC's central product is a smartphone wallet that supports buying, holding, and sending multiple digital assets. What differentiates it from a purely digital exchange is the KasNet network — a nationwide grid of physical cash reload points operated through Peruvian retail locations. With approximately 13,000 KasNet agents already active, and a stated target of 15,000 sites, the network gives users in cities, towns, and smaller communities a familiar, face-to-face way to convert cash into crypto. A user walks into a participating shop, hands over soles, and the equivalent amount in their chosen asset is credited to their AgenteBTC wallet — no bank account required.

Supported Assets

The platform supports a deliberately broad set of assets, covering the major liquid cryptocurrencies alongside a few higher-volatility tokens that have attracted retail interest across Latin America. Supported assets currently include Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Cardano (ADA), Polygon (MATIC), Tether (USDT), Shiba Inu (SHIB), and Dogecoin (DOGE). The inclusion of SOL gives Solana a meaningful fiat on-ramp in a market where retail participation is growing rapidly but direct bank-to-exchange flows remain limited.

Beyond Wallets: Remittances and Corporate Services

AgenteBTC has extended its product set beyond retail purchases. The platform offers a crypto-based remittance corridor, targeting the significant flow of funds that Peruvian workers abroad send home. By routing transfers through stablecoins or other assets rather than legacy wire services, AgenteBTC aims to cut fees and settlement times on cross-border payments. The company also offers corporate crypto services, positioning itself as an institutional counterpart for businesses in the region that want treasury exposure or crypto payment infrastructure without building it themselves.

Scale and Revenue

Despite operating in an emerging market with significant regulatory and infrastructure friction, AgenteBTC has demonstrated real commercial traction. The company reported approximately $700,000 in annual recurring revenue for 2024 — meaningful validation for a market-expansion phase fintech. The 13,000-point KasNet network gives it physical reach that competitors without hardware or agent relationships cannot easily replicate.

Funding: Tether's First Peruvian Bet

In December 2024 AgenteBTC closed a seed investment from Tether Investments, making it the first Peruvian startup to receive backing from the USDT issuer. The investment is strategically coherent: Tether has been vocal about Latin America as a priority region for stablecoin adoption, and an embedded on-ramp network in Peru accelerates USDT distribution through an existing retail channel. The deal also signals that Tether views cash-based on-ramp infrastructure — not just exchange liquidity — as a necessary piece of regional expansion.

Team

AgenteBTC was co-founded in September 2019 by Victor Egoavil, who serves as CEO. Miguel Torres leads technology as CTO. The founding team built the company from the ground up without an early institutional anchor, growing the KasNet network organically before attracting Tether's attention.

Regulatory Environment

As of 2025, Peruvian anti-money-laundering rules administered by the Financial Intelligence Unit (UIF) require crypto service providers to register and comply with AML/KYC obligations. AgenteBTC operates within that framework. The company has also engaged with Peru's Superintendencia de Banca, Seguros y AFP (SBS), which runs a regulatory sandbox for fintech innovation — providing a structured environment in which companies like AgenteBTC can develop new financial services under regulatory supervision before full licensing.

Solana Relevance

SOL is one of AgenteBTC's supported purchasable assets, meaning the platform functions as a fiat-to-SOL on-ramp accessible to the roughly 32 million Peruvians that KasNet's agent footprint can theoretically reach. For underbanked LATAM users who cannot access Coinbase or Kraken through a bank account, AgenteBTC's cash-based entry point is among the most accessible paths into the Solana ecosystem in the region. As the platform expands into Central America and Mexico — markets it has identified as next targets — Solana's on-ramp presence in the region grows correspondingly.