THELOGICALINDIAN - Ripio a Latin American Latam barter headquartered in Argentina aloft 50 actor in its latest allotment annular led by Digital Currency Group DCG The barter which has a bastion in countries like Argentina and Brazil will use these new funds to added aggrandize to new countries in the breadth and consolidate its atom as one of the beat companies in the crypto barter business
Ripio Gets $50 Million in Series B Funding Round
Ripio, one of the better cryptocurrency exchanges in Latam, has raised $50 actor in its alternation B allotment round, aiming to accumulate growing in the region. The allotment annular was led by Digital Currency Group (DCG), the acclaimed New York-based cryptocurrency adventure basic firm. The annular additionally had the accord of bitcoin broker Tim Draper, Amplo (investors of Robinhood), Marcos Galperin (CEO of Mercado Libre), and Martin Migoya (CEO of Globant).
These funds will advice Ripio to accumulate growing its cast in Latam, afterwards accepting acquired Bitcointrade, of the best apparent exchanges in Brazil, beforehand this year. The amplification plan of the barter includes added cementing its position in accepted markets while additionally accretion to added countries like Colombia, Mexico, and Uruguay after this year. About this, Ripio’s CEO, Sebastián Serrano, stated:
Crypto Is Still Fresh for Latam Markets
Ripio wants to capitalize on how new cryptocurrency is to Latam markets. Outside of already-saturated cryptocurrency strongholds like Venezuela, Argentina, and Brazil, the arena seems to be an abnormally abundant arena for new business. Juan Mendez, cast arch of Ripio, declared the aggregation is advancing to advertise the accretion of an barter in Colombia. Colombia is a country area some crypto firms accept fabricated inroads, but it is still in its antecedent stages back it comes to crypto acceptance and adoption.
DCG is additionally assured that the barter will accumulate growing in the future, giving admission to the cryptocurrency ecosystem to the underbanked in the region. Jason Yacavone, arch advance administrator of Digital Currency Group, stated:
What do you anticipate about Ripio’s latest allotment round? Tell us in the comments area below.
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