2 years ago
Picpay, a payments and wallet app, is present providing cryptocurrency services to much than 30 cardinal users successful Brazil. The company, that had announced this rollout past month, present allows its customers to purchase, hold, and merchantability integer assets from its platform. The enactment partnered with Paxos, the issuer of the pax dollars stablecoin, successful bid to supply these services.
Picpay Launches Crypto Trading Services successful Brazil
Fintech companies are introducing crypto arsenic a mode of getting their customers acquainted with cryptocurrency arsenic an alternate concern opportunity. Picpay, 1 of the biggest outgo and wallet apps successful Brazil, has announced the rollout of its cryptocurrency trading services programme successful the country. The company, which has present much than 30 cardinal progressive users, volition let them to purchase, hold, and merchantability cryptocurrencies straight done its app.
The speech and colony services volition beryllium provided by Paxos, a New York-based blockchain services platform. In the service’s archetypal iteration, Picpay is lone listing bitcoin, ethereum, and Paxos’ ain dollar-pegged stablecoin, USDP, connected its interior exchange. However, the institution has plans to database much than 100 cryptocurrencies.
About the value of this caller development, Bruno Gregory, caput of crypto astatine Picpay, stated:
Our extremity is to pb the maturation of the crypto market, by eliminating the complexity that is inactive associated with it and expanding accusation connected the technology, truthful that everyone tin instrumentality vantage of this plus people and technology.
Stablecoin and Payment Plans
Picpay aims to spell beyond conscionable entering the crypto marketplace successful Brazil by offering crypto investments to the mean Brazilian. The enactment is moving connected a work to let crypto users to marque payments straight with crypto, without having to speech these assets for fiat wealth first.
In the aforesaid way, the strategy volition liquidate the cryptocurrency assets for the merchants receiving crypto, protecting them from volatility and allowing them to store unchangeable assets. In this aforesaid vein, Picpay plans to contented its ain Brazilian real-pegged stablecoin, with the volition of utilizing it for payments with the app oregon a antithetic wallet.
According to statements made by Anderson Chamon, co-founder and vice president of products and exertion astatine Picpay, this would let tourists to acquisition this token connected immoderate speech and to marque payments with the integer token straight to Picpay-enabled merchants.
What bash you deliberation astir Picpay’s rollout of crypto services successful Brazil? Tell america successful the comments conception below.
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