The startup is in Barcelona and switched places with Inka Software. Its commercial register has a value of almost 8 million euros.
The disappeared founder of Bitinka exchange, Roger Benites Quijano, is placing a huge investment in a supposed fintech in Spain for digital payments. The Blockzy Technologies platform saw its registration in 2017 in Madrid, Spain, but the surprise came when, on January 4th of this year, the startup capitalized a sum near 8 million euros for its operations.
Benites was based in South America. Once there, he was intending to deploy Bitinka operations in the region. However, for some years now, the CEO would have moved to Spain.
According to the Official Gazette of the Mercantile Registry (BOE), the fintech saw an increase in its capital to exact 7,888,410 euros. The Infocif service corroborated this and also mentioned that Blockzy switched places with Inka Software SL.
The records established that Blockzy replaced Inka Software. A report shows that its development started in 2013, and the name of such a startup was InkaPay. Later, the service would have included Bitinka as a bitcoin and cryptocurrency exchange.
The Reason behind Blockzy’s Change of Name was to Keep under its Control Every Single Share and Social Participation
Another record shows that Blockzy Technologies work as a sole body with only one shareholder. Around 2018, Blockzy changed its corporate name; the reason was to keep under its control every single share, social participation, and bond it previously had with other companies, and associations.
The alleged fintech’s service is under suspicion of being active, according to the records. There is a set of features on the website that indicate the availability for traders to get a registration, and send funds.
On the contrary, their social networks show a very contrasting reality. The most notable one is Twitter which has been inactive for at least two years. Both Instagram and Facebook show similar behaviors.
Blockzy and Bitinka’s service: Users are Waiting for Years for the Release of their Funds
In October of last year, Blockzy said they forged a partnership with at least 40 banks of different continents, and they had around 180,000 users, but for real, after exhaustive researches into the network, they concluded that any of those aforementioned claims were true. There is a list of complaints from users asking for a refund.
It is weird to see services like this with such amount of users (around 180,000 users) showing 0 activity on social networks. The feedback from customers and users should strike high numbers and generate a big amount of engagement. Interactions in social networks like Facebook should hit high numbers too.
Bitinka users claiming that they have been waiting for years for the release of their funds from the exchange have not received feedback. A failed system was the perfect excuse for operators to get a financial benefit from the situation.
By: Jenson Nuñez
