Ripio Has >7M Users

Argentinian digital assets platform Ripio is joining the Polygon ecosystem to extend the Layer-2 network’s reach in Latin America.

In addition to integrating Ripio’s swap and wallet products, Polygon Labs will also assist Ripio as it seeks to build its own business-to-business blockchain.

“This partnership is a key step in our mission to expand the use of the Polygon network throughout Latin America,” Polygon Labs DeFi head Hamzah Khan said in a blog post. “By integrating with the Polygon protocol, Ripio's users will have access to a wider range of Web3 protocols and enjoy faster and cheaper transactions.”

Last October, Polygon partnered with Latin American-based digital banking platform Nubank as the Brazilian fintech giant pursues the launch of its own cryptocurrency token Nucoin.

"We are committed to our users and we seek every day to facilitate access to the crypto world for as many people and institutions as possible,” Ripio CEO and Co-Founder Sebastián Serrano said. “We want to simplify access to Web3, which will undoubtedly be the future."

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What is Polygon:

Polygon is a “sidechain” scaling solution that runs alongside the Ethereum blockchain — allowing for speedy transactions and low fees. MATIC is the network’s native cryptocurrency, which is used for fees, staking, and more. The effectiveness of Polygon as an alternative to Ethereum has seen existing projects such as Aave and Curve adopting its chain.

For more about Polygon:

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