• Contact Us
  • Affiliate Disclosure
  • Privacy Policy
  • Terms of Use
  • DMCA
Saturday, January 28, 2023
WongaNews.com
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading
No Result
View All Result
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading
No Result
View All Result
WongaNews.com
No Result
View All Result

The Card Battle Heats Up in Latam, as Ripio and Bitso Both Announce Crypto-Enabled Cards – Exchanges Bitcoin News

August 26, 2022
in Bitcoin
Reading Time: 4 mins read
A A
ShareShareShareShareShare

Related articles

Goldman Sachs Ranks Bitcoin Best Performing Asset so Far This Year – Markets and Prices Bitcoin News

January 28, 2023

Does the Crypto Market Have The Strength To Break To The Upside? QCP Capital Weighs In

January 28, 2023

Cryptocurrency debit and credit card offerings in Latam are thriving, as two exchanges in the area are planning to launch their crypto-enabled cards. Ripio, the Argentina-based exchange, and Bitso, a Mexican exchange, both announced the future launch of their cards, in partnership with Visa and Mastercard respectively, as an answer to the rise of the popularity of crypto in the region.

Crypto Cards Galore in Latam

The separation of the crypto market and the traditional banking world is disappearing, as more and more banking institutions are adopting crypto and offering crypto services to keep their customers in-house. Two popular exchanges in Latam, Ripio and Bitso, have announced the launch of cryptocurrency-enabled cards that will allow their customers to make purchases with their crypto holdings present on these platforms.

In the case of Ripio, the company teamed up with Visa to produce an internationally accepted prepaid card to sidestep the difficulties that credit analysis brings for customers wishing to access the instrument. The exchange expects this product to be a catalyst for people to use more crypto in their everyday purchases and payments.

The Visa-based crypto card will offer cashback of 5% on purchases made, which will be deposited to user accounts until October 31. Henrique Teixeira, global head of new business at Ripio, announced the exchange believes more than 250,000 customers will be using this card by December, with an investment of almost $300,000 in the product.

Bitso’s Mastercard-Based Answer

Bitso, one of the biggest exchanges in Latam in volumes traded, has also announced its intention of launching a crypto-enabled card later this year. Bitso’s CEO, Daniel Vogel, is confident that the crypto winter won’t last long, and the launch of this instrument in partnership with Mastercard is a step that shows the company is confident in the future of crypto assets.

While the company did not announce the launch date, it did explain that there is already a long waitlist for this debit card. Vogel stated that the instrument is directed to aid the needs of its customers. He explained:

We have seen certain patterns of users, on payroll days money enters Bitso and is exchanged for digital dollars and then we see that they convert them back to pesos to make their payments, we are excited to see a latent demand.

Bitso’s card will also offer cashback and will be launched in Mexico first.

These launches go hand in hand with what Kaiko, provider of digital markets data, found in a recent report, stating that users in Latam are more interested in the “real world” applications of cryptocurrency than in trading, with exchanges trying to reach more users with products to this end.

Tags in this story
Argentina, Bitcoin, Bitso, Cashback, credit cards, Cryptocurrency, debit, latam, MasterCard, Mexico, ripio, VISA

What do you think about the launch of crypto-enabled cards by Bitso and Ripio in Latam? Tell us in the comments section below.

Sergio Goschenko

Sergio is a cryptocurrency journalist based in Venezuela. He describes himself as late to the game, entering the cryptosphere when the price rise happened during December 2017. Having a computer engineering background, living in Venezuela, and being impacted by the cryptocurrency boom at a social level, he offers a different point of view about crypto success and how it helps the unbanked and underserved.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

More Popular News

In Case You Missed It


Credit: Source link

ShareTweetSendPinShare
Previous Post

Thai billionaire seeks licence to run digital asset exchange

Next Post

Here’s when Shiba Inu will launch its game

Related Posts

Goldman Sachs Ranks Bitcoin Best Performing Asset so Far This Year – Markets and Prices Bitcoin News

January 28, 2023

Goldman Sachs has ranked bitcoin the best-performing asset so far this year. The cryptocurrency also tops the global investment bank’s...

Does the Crypto Market Have The Strength To Break To The Upside? QCP Capital Weighs In

January 28, 2023

The conditions of the cryptocurrency market have changed drastically; according to an analysis by QCP Capital, the options market in...

Marathon plans 250 MW Abu Dhabi bitcoin mining JV

January 27, 2023

Marathon Digital, a crypto mining company, is initiating a $406 million joint venture (ADGM Entity) with FS Innovation to build...

Inflation May Be In A Lull, What Does That Mean For Bitcoin?

January 27, 2023

In a recent tweet Ben Lilly, co-founder of Jarvis Labs, the on-chain analytics and token design firm, gave his analysis...

Biden Admin Roadmap Cryptocurrency Risks – Bitcoin Magazine

January 27, 2023

The Biden Administration has posted an official blog detailing its roadmap to mitigate the risks of cryptocurrencies.The roadmap starts by...

Load More
Next Post

Here's when Shiba Inu will launch its game

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

WEB3 GAM3R to Host GAM3RS’ Choice Awards

January 22, 2023

5 Reasons Why Crypto and NFT Market Will Recover in 2023

January 11, 2023

Gaming unique active wallets grew 60% in 2022 – on-chain transactions up 37%

January 27, 2023

About Us

Wonga News is an online news portal that aims to provide the latest crypto news, blockchain, regulations, and much more stuff like that around the world. We promise to share only high quality content from the world's best crypto sources. Feel free to get in touch with us!

What’s New Here!

  • Amazon Developing Blockchain & NFTs Gaming Platform: Report
  • BlockFi permitted to pay $10M in staff bonuses in spite of bankruptcy
  • Goldman Sachs Ranks Bitcoin Best Performing Asset so Far This Year – Markets and Prices Bitcoin News

Newsletter

Loading
  • Contact Us
  • Affiliate Disclosure
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2022 WongaNews.com - All Rights Reserved!

No Result
View All Result
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading

© 2022 - WongaNews.com - All Rights Reserved!

  • bitcoinBitcoin(BTC)$23,120.001.30%
  • ethereumEthereum(ETH)$1,601.052.23%
  • USDEXUSDEX(USDEX)$1.07-0.47%
  • tetherTether(USDT)$1.000.02%
  • usd-coinUSD Coin(USDC)$1.000.01%
  • binancecoinBNB(BNB)$308.471.71%
  • rippleXRP(XRP)$0.4124471.35%
  • binance-usdBinance USD(BUSD)$1.00-0.04%
  • cardanoCardano(ADA)$0.3916254.84%
  • dogecoinDogecoin(DOGE)$0.0881503.38%
  • matic-networkPolygon(MATIC)$1.155.82%
  • okbOKB(OKB)$39.169.52%
  • solanaSolana(SOL)$24.593.49%
  • staked-etherLido Staked Ether(STETH)$1,599.192.41%
  • polkadotPolkadot(DOT)$6.603.38%
  • shiba-inuShiba Inu(SHIB)$0.0000123.11%
  • avalanche-2Avalanche(AVAX)$20.9817.33%
  • litecoinLitecoin(LTC)$89.532.82%
  • tronTRON(TRX)$0.0634112.51%
  • uniswapUniswap(UNI)$6.883.67%
  • daiDai(DAI)$1.000.01%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$23,135.001.66%
  • cosmosCosmos Hub(ATOM)$13.756.74%
  • ToncoinToncoin(TON)$2.597.25%
  • leo-tokenLEO Token(LEO)$3.925.85%
  • chainlinkChainlink(LINK)$7.445.08%
  • moneroMonero(XMR)$179.495.10%
  • ethereum-classicEthereum Classic(ETC)$22.092.65%
  • AptosAptos(APT)$17.89-0.47%
  • bitcoin-cashBitcoin Cash(BCH)$134.771.19%
  • Aerarium FiAerarium Fi(AERA)$7.12-13.06%
  • stellarStellar(XLM)$0.0938622.78%
  • apecoinApeCoin(APE)$6.240.93%
  • nearNEAR Protocol(NEAR)$2.627.42%
  • quant-networkQuant(QNT)$153.444.13%
  • crypto-com-chainCronos(CRO)$0.0823233.76%
  • filecoinFilecoin(FIL)$5.462.22%
  • lido-daoLido DAO(LDO)$2.405.41%
  • algorandAlgorand(ALGO)$0.2621018.21%
  • vechainVeChain(VET)$0.0248185.14%
  • hedera-hashgraphHedera(HBAR)$0.0694013.70%
  • internet-computerInternet Computer(ICP)$6.025.30%
  • axie-infinityAxie Infinity(AXS)$11.793.10%
  • decentralandDecentraland(MANA)$0.728.66%
  • aaveAave(AAVE)$87.351.39%
  • the-sandboxThe Sandbox(SAND)$0.776.11%
  • eosEOS(EOS)$1.110.55%
  • fantomFantom(FTM)$0.4770091.76%
  • flowFlow(FLOW)$1.103.02%
  • elrond-erd-2MultiversX(EGLD)$45.404.93%