Picpay, one of the most popular payments fintech companies in Brazil, has announced that it will start including cryptocurrency services in its app. The company explained that these services will include the possibility of purchasing crypto and processing payments with crypto directly. Picpay follows the actions of companies like Nubank and Mercado Libre, which have also started offering crypto services recently.
Picpay to Allow Customers to Use Crypto From App
More fintech-based companies are now approaching crypto as a way of extending their service offering for their customers. Picpay, a Brazilian fintech and payments company, has announced it will now allow its customers to purchase crypto from within its app using fiat funds. The company announced it will include several cryptocurrencies in its wallet, including BTC, ETH, and USDP, a Paxos-backed stablecoin.
According to local reports, the service would be handled by Paxos, the same company that has provided crypto management...
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