LATAM to speed up Web3 adoption through Ripio & Polygon integration

Ripio, which happens to be the absolute top-of-the-line digital asset platform based in Argentina, is all geared up to connect with the Polygon ecosystem. The aim and intention behind this are for the quickening of adoption of Web3 applications, so far as Latin America is concerned. The company happens to be situated in Buenos Aires. It has, to its credit, over 7 million connected users. 

As per the game plan of the entity, it will be carrying with it the Ripio Trade, along with the Ripio Portal. There will also be the Ripio Wallet products when it gets connected with the Polygon network. It will also be engaged in the utilization of an array of scaling tools that is duly provided by Polygon Labs for the sake of developing a B2B blockchain.

According to the Head of DeFi at Polygon Labs, Hamzah Khan, the team happens to be eager to spread the utilization of the Polygon network further within Latin America. In his opinion, with the incorporation of Ripio’s users with the Polygon protocol, they will find themselves in the position of getting connected with a vast array of Web3 protocols and inadvertently benefit from being able to carry out effective, quicker and cost-effective transactions.  

Ripio Portal happens to be a digital wallet backing various blockchain networks. This also happens to include Ethereum, as well as Polygon. It happens to be providing all of the connected users the opportunity of buying, selling and receiving and being able to send, as well as exchanging tokens. 

It also provides the option of storing digital assets and participating in Web3 games. By getting connected to the Polygon ecosystem, all the users of Ripio Portal are able to make available for themselves a large number of decentralized apps. This is also inclusive of some of the absolute prime projects of Web3, such as OpenSea, Aave, Uniswap V3, as well as Magic Eden. 

Where Polygon Labs is concerned, the joining up of Ripio happens to be the latest occurrence in Latin America. In the month of October 2022, the entity collaborated with Nubank, which happens to be one of the biggest-ever digital banking platforms globally. It boasts of having more than 70 million customers all through Brazil, Mexico and Columbia. As of date, Nubank is on the verge of delivering its very own cryptocurrency token, Nucoin, with the support of Polygon Supernets technology. 

In the words of the CEO and Co-Founder of Ripio, Sebastian Serrano, they are actively engaged on a daily basis in bringing users closer to the crypto arena, including institutions. The idea for them is to make connectivity with Web3 much more convenient for all.

David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 66,166.73
ethereum
Ethereum (ETH) $ 3,526.08
tether
Tether (USDT) $ 0.999265
bnb
BNB (BNB) $ 607.24
solana
Solana (SOL) $ 143.86
xrp
XRP (XRP) $ 0.478957
dogecoin
Dogecoin (DOGE) $ 0.136552
cardano
Cardano (ADA) $ 0.411038