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New Crypto Exchange to Launch in Colombia Soon

  • Ripio is expected to launch in the South American country in less than 2 months, although the platform is already operational.
  • In addition to trading in Bitcoin and other cryptocurrencies, the crypto exchange will offer users opportunities for financial education.
  • The Latin American startup is one of the fastest growing in the region.

Ripio, a Latin American cryptocurrency platform, revealed that it expects to make its official launch in Colombia in approximately two months, according to criptonoticias.com.

Colombians will be able to utilize a new option for carrying out cryptocurrencies operations, as well as being able to obtain advice and education in all things decentralized finance.

The startup, which has offices in Argentina, Uruguay, Brazil, Mexico and Spain, will soon open an office in Bogotá, from where it will begin expanding throughout the country. That being said, the platform is currently active, enabling customers to access it already.

"Our product offerings goes far beyond that of an exchange, which is often the only service for other companies," the firm underlined in a statement.
"In fact, our main product - with more than 3 million users to date - is a digital cryptocurrency wallet for first-time users," they added.

The Ripio team hopes to offer quality support with a focus on strengthening and scaling their customer service. That means meeting users’ needs within a matter of hours, and not days as has been the case with other exchanges in the region.

The platform offers a fully digital help center with real assistants who will attend to the concerns of its customers, the company assured.

Expansion Plans Throughout the Region

Since its launch in 2020, Ripio has signed strategic alliances with Mercado Pago, Visa and Circle. Over the course of the past two years, the company has recorded exponential growth in terms of its number of users, going from 400 thousand to 3 million.

The company plans to continue its expansion throughout Latin America after this launch. In order to strengthen its presence in the region and consolidate its operations, Ripio has maintained consistent contact with the governments and regulatory authorities of the countries in which it operates, claimed its directors.

"The path to intelligent regulation of the industry lies in dialogue," they said. Hence, to carry out transactions in the exchange, registration of the user's identity data is required.

On The Flipside

  • In early January, Ripio users complained about delays in transactions made on this platform.
  • The problems arose specifically regarding ‘Ripio Earn‘, for which users had to wait from between 72 hours to a week for their investments to be processed.

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed to be financial legal or tax advice. Trading Forex, cryptocurrencies, and CFDs poses a considerable risk of loss

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