<p>Rotonda, a subsidiary of South Korean crypto exchange Bithumb and the operator of the digital wallet Burrito Wallet, <a href="https://www.greenpostkorea.co.kr/news/articleView.html?idxno&#61;212791" rel="noopener noreferrer nofollow">announced</a> on Tuesday (local time) that it has launched its services in the Latin American region, marking its entry into global markets.</p><p>Launched in February, Burrito Wallet’s primary functions include convenient chat-based cryptocurrency transfers and crypto swapping. It is the largest multi-chain wallet in Korea that supports 11 mainnets, including Bitcoin and Ethereum, as well as over 1,000 token currencies.</p><h2 id="header-0">Expanding region-specific services</h2><p>In addition to these basic services, the Burrito Wallet’s available services in Latin America will include both on- and off-ramp functions for buying and selling crypto, which will be added by the end of this year. An on-ramp function facilitates users in acquiring crypto assets, whereas an off-ramp facilitates users in disposing of their crypto assets. Considering that many countries in the region recognize cryptocurrencies as fiat currencies, the company plans to expand its services to meet the market demand. Furthermore, the company aims to secure users by providing transfer services and various airdrop events.</p><p>“The greatest advantage of Bithumb Burrito Wallet is the ability to use various functions such as cryptocurrency storage, management, transfers and swapping all in one platform,” explained Burrito Wallet’s Chief Financial Officer Chung Jae-kwon. Jeong recently visited Colombia last month to introduce the wallet service. “We believe that we can respond to the specific demands of the financial environment in Latin America through our user-friendly wallet service,” he added.</p><h2 id="header-1">Addressing economic challenges</h2><p>The blockchain market in Latin America has been growing rapidly with rising demand for convenient and secure crypto services, driven by low accessibility to traditional finance and unstable economic conditions such as inflation.</p><p>“As the global financial crisis worsens due to a lack of liquidity in banks, the need for financial instruments that can safely protect assets is increasing,” Chung said. “We anticipate a growing demand for our non-custodial wallet, which allows users to hold their own private wallet keys.”</p><p>Earlier this month, Burrito Wallet <a href="https://medium.com/&#64;coinness.gl/bithumb-burrito-wallet-teams-up-with-yooldo-to-expand-blockchain-gaming-network-3738be70e43b" rel="noopener noreferrer nofollow">signed a business agreement</a> with the blockchain gaming platform Yooldo to expand their respective blockchain ecosystems and secure a global user base.</p>

Rotonda launches crypto wallet service Burrito Wallet in Latin America

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