UBIT

<div class="cryptonews"> 
 <p class="is-style-lead">Ramp, a fintech company, announced its expansion into Brazil to accelerate crypto adoption across Latin America.&nbsp;</p> 
 <h2 class="wp-block-heading" id="ramp-expands-into-latin-america">Ramp expands into Latin America</h2> 
 <p>The company has established a local entity in the Latin American region to expand its presence and offer users a secure platform for trading cryptocurrencies with various payment methods.&nbsp;</p> 
 <p>This move, Ramp said, is an important step towards their larger mission of making the web3 space accessible to everyone globally while also providing a seamless onboarding experience.&nbsp;</p> 
 <div class="cn-block-related-link"> 
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Amazon expands service for developers to easily build web3 apps 
 </div> 
 <p>Furthermore, their expansion into Latin America presents opportunities for local web3 projects and international businesses looking to enter and succeed in the Brazilian crypto market.</p> 
 <p>Ramp’s on-ramp and off-ramp products allow users to easily and quickly convert between digital currencies and fiat currencies. Developers can also integrate Ramp’s solutions into their applications and platforms, allowing users to buy and sell <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> assets directly on their interfaces.</p> 
 <p>Commenting on the development, Szymon Sypniewicz, the CEO of Ramp, said:</p> 
 <blockquote class="wp-block-quote"> 
  <p>&nbsp;“From the onset, our focus has been on providing value to our users in Brazil and other significant Latin American countries through card payments. We strengthened this a little over a month ago by introducing transaction support for over 40 national currencies, including the Brazilian Real and other regional currencies.”&nbsp;</p> 
 </blockquote> 
 <p>He went further to speak on the implication of the expansion, adding.&nbsp;</p> 
 <blockquote class="wp-block-quote"> 
  <p>“As we enhance our services, we’re thrilled to offer our partners such as TrustWallet, Exodus, Sorare, BitPay, Argent, and Brave improved access to this dynamic market. We’re not just striving to be globally available but to resonate with the local needs, and this development underscores our commitment to be an integral part of the crypto adoption journey for our users across Latin America.”</p> 
 </blockquote> 
 <h2 class="wp-block-heading" id="brazil-ranks-high-for-global-crypto-adoption">Brazil ranks high for global crypto adoption</h2> 
 <p>Five Latin American countries, including Brazil and Mexico, were&nbsp;ranked&nbsp;among the top global <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> adopters because of factors like storing value, remittances, and decentralized financial investments.&nbsp;</p> 
 <p>Latin America has emerged as a key target market, experiencing significant growth in crypto usage. According to Chainalysis’ Global Adoption Index, Latin America accounted for 9.1% of all crypto value received globally in 2022, amounting to $562 billion.</p> 
 <div class="cn-block-related-link"> 
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Brazil’s CBDC pilot code reveals ability to freeze and reduce funds 
 </div> 
 <p>Having&nbsp;raised&nbsp;$70 million in funding last year, Ramp is well prepared to expand into Brazil, which has gained prominence as the seventh-ranked nation globally for <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> <a rel="noopener noreferrer nofollow" title="adoption" href="https://thebittimes.com/tag/adoption.html">adoption</a>, with over 16 million people currently using <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currencies. These favorable conditions make Brazil an ideal base for Ramp’s Latin American operations.</p> 
 <div class="cn-block-related-link"> 
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Carnaval – first Latin American NFT marketplace minting on Bitcoin 
 </div> 
 <div class="cn-block-disclaimer"> 
  <div class="cn-block-disclaimer__icon"> 
   <svg class="icon icon-info" aria-hidden="true"> <use xlink:href="#"></use> 
   </svg> 
  </div> 
  <p class="cn-block-disclaimer__content"> Disclosure: This content is provided by a third party. <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company. </p> 
 </div> <span class="google-news-banner__label">Follow Us on Google News</span> 
</div>

Ramp launches in Brazil to drive crypto adoption in Latin America

Съдържание

TheBitTimes

Други статии, публикувани на 1.08.2023 г.

Ripple’s XRP Trades Just Above Critical Price Level! Here’s What Can Happen Next To XRP Price

IRS Clarifies Crypto Staking Rules

Nym: Lunarpunk Infrastructure for securing the Solarpunk Ecosystem

GameStop Pauses on Crypto Wallets Due to Regulatory Ambiguity

Will Polygon MATIC and Tradecurve Continue Its Bullish Momentum?

Tetra and Figment Unite to Introduce Revolutionary Staking Services in Canada

Присъединете се към нашия безплатен бюлетин за ежедневни крипто актуализации!