Ripple Invests in Bitso – Largest Latin America’s Crypto Exchange

Latest Cryptocurrency News
Mon, 10/14/2019 - 14:04
Yuri Molchan
Ripple crypto giant spreads the word it has invested in the biggest Latin America’s crypto exchange located in Mexico - Bitso
Ripple Invests in Bitso – Largest Latin America’s Crypto Exchange
Cover image via www.123rf.com

Ripple has shared the news that it is making an investment in the Mexico-based Bitso crypto exchange, largest in Latin America.

The amount of the investment is not disclosed, however, another detail has been shared – Ripple’s senior Vice President of Product, Asheesh Birla, the author of the blog post with the news, is joining Bitso’s board of directors.

Earlier this year, Ripple, with its recently acquired MoneyGram, collaborated with Bitso on launching Ripple’s new product, On-Demand Liquidity, in Mexico. The crypto exchange was the key partner in that venture.

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Bitso has received a license from the Gibraltar Financial Services Commission (GFSC), so Ripple, which largely supports crypto regulation measures, considers it a promising partner to work with.

 

What’s your opinion about this investment by Ripple? Share it in the comments section!

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today, can be contacted at yuri.molchan@u.today.