Rappi to accept crypto payments in Mexico via BitPay, Bitso partnership

Rappi, a Colombian on-demand transportation steadfast that offers services crossed 9 Latin American countries, has rolled retired a cryptocurrency outgo programme successful Mexico.

A study unveiled the quality connected April 11, noting that the institution teamed up with crypto outgo work supplier BitPay and Mexican integer plus speech Bitso to motorboat this service.

According to the report, the crypto outgo work volition let Mexican customers to usage crypto successful their debit cards to acquisition goods and services wrong the Rappi app.

The institution did not explicate wherefore it decided to motorboat the crypto outgo enactment successful Mexico lone contempt operating successful Colombia, Costa Rica, Peru, Ecuador, Chile, Argentina, Uruguay, and Brazil. Additionally, the steadfast did not uncover which cryptocurrencies it would support.

Sebastian Mejia, Rappi’s President, commented connected this initiative, saying:

We are studying the crypto satellite with involvement and judge that the aboriginal is the intersection of the crypto satellite with non-crypto companies.

He added that:

It’s a archetypal measurement that volition let america to larn and proceed incorporating the crypto satellite into Rappi.

In 2021, Rappi launched Pay with Rappi successful Mexico past year, offering customers a elemental mode to marque online payments. With this launch, Rappi sought to vie against PayPal and its determination rival MercadoLibre. 

BitPay continues helping much companies clasp crypto

Beyond Latin America, startups and merchants are progressively embracing crypto, particularly aft past year’s bull rally, which saw Bitcoin (BTC) deed an all-time precocious of $68,789.63. BitPay has played a pivotal relation successful helping large and tiny businesses astir the satellite clasp crypto payments.

To assistance simplify transactions successful the flagship cryptocurrency, BitPay integrated Lightning Network earlier successful April. According to the firm’s co-founder, Tony Galippi, the Lightning Network integration helps connection customers much outgo options and merchants much ways to get paid done blockchain technology.

With this integration, BitPay besides opened a caller avenue for BTC to go mainstream. BitPay merchants volition not request to alteration their existent setups to commencement accepting Lightning Network payments. 

More importantly, some merchants and their customers volition get entree to instant BTC transactions astatine debased fees, features that marque it casual to usage their BTC for mundane purchases.