Main navigation

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

News
Mon, 10/14/2019 - 14:04
article image
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
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.

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!

article image
About the author

Yuri is a crypto 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 in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.