According to Ripio executives, this partnership will allow users of both fintechs to buy and sell cryptocurrencies directly in their respective apps.
Ripio, previously known as BitPagos, has secured $1.9 million in funding for expansion in South America; the firm's Series A funding investors included Huiyin Blockchain Venture, Digital Currency Group, Boost VC and Draper VC; the company was founded in Buenos Aires, Argentina and will use the funding for expansion to Brazil and Mexico; currently the firm offers bitcoin and digital wallet services; it targets underserved banking consumers through its wallet app which also aggregates data for microloan approvals. Source