Delivery App Rappi Launches Pilot Project to Accept Crypto Payments in Mexico

Rappi, 1 of the biggest transportation companies successful Latam, has launched a aviator task with the nonsubjective of accepting cryptocurrencies arsenic a outgo method. Users volition beryllium capable to bargain Rappi credits with cryptocurrency to walk aboriginal connected assorted services offered by the app. This functionality volition lone beryllium disposable for users of these services successful Mexico.

Rappi Gets Into Cryptocurrency Payments

Rappi, 1 of the largest transportation services successful Latam, has decided to bring cryptocurrencies to its app. The institution — which past twelvemonth reached a valuation of much than $5 cardinal successful its Series G backing circular — announced that it is bringing the anticipation for customers to usage cryptocurrencies arsenic a outgo method, utilizing them to acquisition Rappi credits straight from the app.

These Rappi credits tin past beryllium utilized to wage for transportation services offered successful the app. The company, which has its origins successful Colombia, becoming the archetypal Colombian unicorn successful 2018, has a beingness successful astir each of Latam, including Mexico, Costa Rica, Colombia, Peru, Ecuador, Chile, Argentina, Uruguay, and Brazil. However, Rappi announced this caller aviator task volition beryllium constricted to Mexican users and has not referred to a imaginable expansion.

This inclusion of cryptocurrencies answers the emergence of the integer satellite and the hunt for innovation regarding ways for users to interact with the app. On the value of innovation and cryptocurrencies for the aboriginal of the company, Sebastián Mejia, president of Rappi, stated:

Innovation is 1 of the pillars of Rappi. We are studying the crypto satellite with involvement and we judge that the aboriginal is the intersection of the crypto satellite with non-crypto companies, with casual idiosyncratic experiences and without complexity.

Implementation and Other Instances of Crypto Inclusion

While this aviator task is inactive successful its aboriginal stages, the institution did denote they were moving with exchanges successful the state to further integrate their services and marque it easier for customers to walk their cryptocurrencies successful the app. Rappi mentioned Bitso and Bitpay, 2 exchanges with a beingness successful the country, arsenic participants successful this regard.

Rappi besides explained the institution is moving to heighten the information of transactions betwixt the exchanges and the app. Other companies successful Latam are besides moving to see crypto successful their concern model. This is the lawsuit with Nequi, a Colombian fintech level that is planning to marque an entranceway into the crypto assemblage successful the country.

What bash you deliberation astir the aviator task that Rappi is starting successful Mexico? Tell america successful the comments conception below.

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