Advertisement
AD

Main navigation

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

Advertisement
Mon, 14/10/2019 - 14:04
Ripple Invests in Bitso – Largest Latin America’s Crypto Exchange
Cover image via www.123rf.com
Read U.TODAY on
Google News

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

Advertisement

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.

Related
“Global Stablecoins” Have to Be Checked for Investor Protection and Ensure AML Measures, Says G7 Report

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!

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD