Crypto Firm Ripio Debuts All-In-One Crypto-Fiat Platform

Announcements, News | May 20, 2019 By:

Crypto firm Ripio has announced the launch of its full Ripio platform in Argentina, Brazil and Mexico.

Founded in 2013, Ripio is one of the biggest crypto companies in Latin America. With over 300,000 users in Argentina, Brazil and Mexico (and in current expansion to Peru, Chile, Uruguay, Paraguay and Colombia), the company is one of the main promoters of the new digital economy in the region. In late 2017, Ripio raised over $37 million through its initial coin offering (ICO) to launch the Ripio Credit Network, its global peer-to-peer credit network based on ethereum smart contracts. Tim Draper and Digital Currency Group are among its main investors.

The new Ripio platform unifies all of the company’s products, allowing users to learn and trade cryptocurrency in one place. It is designed to take users through their entire crypto journey, from initial curiosity about blockchain to more advanced trading.

The new platform includes:

  • Ripio account — the gateway to all Ripio solutions, which gathers all things fiat (digital bank accounts, local bank accounts, payment solutions and an upcoming debit card).
  • Ripio wallet — the brokerage service that lets users buy, sell, store, and send crypto plus navigate the crypto catalog (info, price, videos, and more on each asset).
  • Ripio credit — where users can request and manage Blockchain-based fiat-loans — the product is linked to the Ripio Credit Network in the backend.
  • Ripio exchange — which offers peer-to-peer crypto trading for advanced users.
  • Ripio OTC — the crypto OTC desk for institutional investors.
  • Ripio community — which gathers Ripio-produced educational content, such as video tutorials and podcasts, daily news on crypto, blog posts and a crypto forum.

Ripio founder CEO Sebastian Serrano said that cryptocurrency, and their new platform in particular, offers brand-new investment horizons for all segments of the population, which is especially important in Latin America, where savings must be protected against the constant devaluation of local currency.

“Most people in Latin America lack a sophisticated financial education and typical crypto trading tools simply aren’t enough to keep people engaged,” Serrano said. “That’s what sets the Ripio platform apart: users can learn about crypto and stay on top of market trends in the same place that they trade.”

“The new Ripio platform unifying our products and services, takes us one step closer to the vision we’ve had all along: extending financial solutions to every segment of the population in Latin America,” Serrano added. “In my lifetime alone, I’ve seen three economic collapses in Argentina and two replacements of the country’s currency. I know the importance and appeal of cryptocurrency—but I also know educating users is the first step to driving broader adoption.”