Latin American crypto company Ripio has started rolling out a prepaid debit card in Brazil that allows payments to be made in cryptocurrency and earns cashback rewards in bitcoin, Ripio CEO Sebastian Serrano told CoinDesk last week.
The company hopes to release 250,000 cards, which were developed in partnership with Visa (V), by the end of the year, offering the product to the one million users it has in the South American country, the company said, adding that the digital version of the card is already available.
The card will allow payments using Brazilian reals and the 28 cryptocurrencies Ripio has listed on its platform, the company said. Serrano said Ripio is considering adding rewards in cryptocurrencies other than bitcoin (BTC).
The company also plans to launch the card in Argentina later this year, Serrano said, and is not ruling out rolling it out in other countries where the firm operates, such as Uruguay, Colombia, Mexico and Spain.
In Brazil, Ripio currently operates...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...