The cryptocurrency exchange Crypto.com and BTG
Pactual have partnered to boost banking services in Latin America. This
collaboration aims to bridge traditional finance with the digital economy for
millions of customers across the region.
This partnership involves the integration of BTG
DOL, BTG’s proprietary stablecoin pegged 1:1 to the US dollar, by Crypto.com.
Launched with the support of BTG Pactual, BTG DOL facilitates transactions
between traditional financial systems and the digital economy.
Eric Anziani, the President and Chief Operating
Officer of Crypto.com, mentioned: “We at Crypto.com share BTG’s vision of
innovating financial technology responsibly to empower the economy. We are
incredibly proud and excited to partner with BTG and to help broaden
accessibility to the emerging digital economy in a significantly high potential
region.”
According to the press release, the partnership aims
to democratize access to the digital economy by empowering individuals and
businesses in Latin America. By leveraging financial technology,
Crypto.com and BTG Pactual plan to drive economic growth and financial
inclusion across the region.
https://t.co/vCNztATkNg and BTG Pactual are teaming up to advance crypto powered banking services in Latin America and beyond🤝
Together, we’re committed to bridging #tradfi and #crypto securely and reliably across the region 🙌
Learn more: https://t.co/OIGLhRlQVy pic.twitter.com/GYUuzKRoKE
— Crypto.com (@cryptocom) February 27, 2024
The partnership between Crypto.com and BTG Pactual
builds upon Crypto.com’s presence in Latin America. The crypto exchange holds a
Payment Institution License from the Central Bank of Brazil with its Crypto.com
Visa Card available in the region.
Crypto.com’s Global Expansion
Last year, Crypto.com, PayPal, and Paxos
collaborated to facilitate the trading of PayPal USD (PYUSD) stablecoin on the
Crypto.com platform. Crypto.com’s latest partnership with PayPal and Paxos
positioned it as one of the platforms for trading PYUSD.
PayPal launched PYUSD in August 2023, marking its
foray into the stablecoin market. The collaboration between Crypto.com, PayPal,
and Paxos underscored the increasing integration of traditional finance and the
cryptocurrency ecosystem, Finance Magnates reported.
Additionally, Crypto.com secured a license from the Dutch central bank last year, enabling it to offer cryptocurrency services in the Netherlands. This marked another milestone for the Singapore-based exchange, following its approvals in Spain and France.
In France, the company holds a Digital Asset Service Provider license, while in the UK, it operates under a crypto asset business license.
The cryptocurrency exchange Crypto.com and BTG
Pactual have partnered to boost banking services in Latin America. This
collaboration aims to bridge traditional finance with the digital economy for
millions of customers across the region.
This partnership involves the integration of BTG
DOL, BTG’s proprietary stablecoin pegged 1:1 to the US dollar, by Crypto.com.
Launched with the support of BTG Pactual, BTG DOL facilitates transactions
between traditional financial systems and the digital economy.
Eric Anziani, the President and Chief Operating
Officer of Crypto.com, mentioned: “We at Crypto.com share BTG’s vision of
innovating financial technology responsibly to empower the economy. We are
incredibly proud and excited to partner with BTG and to help broaden
accessibility to the emerging digital economy in a significantly high potential
region.”
According to the press release, the partnership aims
to democratize access to the digital economy by empowering individuals and
businesses in Latin America. By leveraging financial technology,
Crypto.com and BTG Pactual plan to drive economic growth and financial
inclusion across the region.
https://t.co/vCNztATkNg and BTG Pactual are teaming up to advance crypto powered banking services in Latin America and beyond🤝
Together, we’re committed to bridging #tradfi and #crypto securely and reliably across the region 🙌
Learn more: https://t.co/OIGLhRlQVy pic.twitter.com/GYUuzKRoKE
— Crypto.com (@cryptocom) February 27, 2024
The partnership between Crypto.com and BTG Pactual
builds upon Crypto.com’s presence in Latin America. The crypto exchange holds a
Payment Institution License from the Central Bank of Brazil with its Crypto.com
Visa Card available in the region.
Crypto.com’s Global Expansion
Last year, Crypto.com, PayPal, and Paxos
collaborated to facilitate the trading of PayPal USD (PYUSD) stablecoin on the
Crypto.com platform. Crypto.com’s latest partnership with PayPal and Paxos
positioned it as one of the platforms for trading PYUSD.
PayPal launched PYUSD in August 2023, marking its
foray into the stablecoin market. The collaboration between Crypto.com, PayPal,
and Paxos underscored the increasing integration of traditional finance and the
cryptocurrency ecosystem, Finance Magnates reported.
Additionally, Crypto.com secured a license from the Dutch central bank last year, enabling it to offer cryptocurrency services in the Netherlands. This marked another milestone for the Singapore-based exchange, following its approvals in Spain and France.
In France, the company holds a Digital Asset Service Provider license, while in the UK, it operates under a crypto asset business license.
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- Source: https://www.financemagnates.com//cryptocurrency/cryptocom-teams-up-with-btg-pactual-to-bridge-fiat-and-crypto-economies-in-latin-america/
