💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Launch of New Crypto Exchange in Colombia Soon

Published 04/11/2022, 11:30 AM
Updated 04/11/2022, 12:00 PM
Launch of New Crypto Exchange in Colombia Soon
V
-
BTC/USD
-

  • It is estimated that Ripio will be launched in less than 2 months in the South American country, although the platform is already operational.
  • In addition to trading Bitcoin and other cryptocurrencies, the crypto exchange will offer users financial education.
  • The Latin American startup is one of the fastest growing in the region.

Ripio, the Latin American cryptocurrency platform, reported that it expects to make its official launch in Colombia in approximately two months, according to the website criptonoticias.com.

Colombians will be able to count on a new option to carry out operations with cryptocurrencies and obtain advice and education in everything related to decentralized finance.

The startup with offices in Argentina, Uruguay, Brazil, Mexico and Spain, will soon open an office in Bogotá and from there it will begin its expansion throughout the country. However, the platform is already active so your customers can access it.

"Our product offering goes far beyond an exchange, which is often the only service for other companies," the firm said in a statement. "In fact, our main product - with more than 3 million users to date - is a digital cryptocurrency wallet for first-time users," he added. The Ripio team hopes to offer quality support that will be focused on strengthening and scaling their customer service. That means meeting the needs in a matter of hours and not days as has been happening in the country with other exchanges.

The platform has a fully digital help center with real assistants who will attend to the concerns of its customers, the company assured.

Expansion plans throughout the region

Since its launch in 2020, Ripio has signed strategic alliances with Mercado Pago, Visa (NYSE:V) and Circle. In the last two years it has had an exponential growth in terms of the number of users, going from 400 thousand to 3 million.

The company plans to continue its expansion throughout Latin America after this launch. To strengthen its presence and consolidate its operations, Ripio maintains permanent contacts with governments and regulatory authorities in the countries where it operates, say its directors.

"The path to intelligent regulation of the industry lies in dialogue," they said. Hence, to carry out transactions in the exchange, registration of the user's identity data is required.

On The Flipside

  • In early January, Ripio users complained about delays in transactions made on this platform.
  • The problems arose specifically in Ripio Earn, where users had to wait between 72 hours and a week for their investments to be processed.

Continue reading on DailyCoin

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.