Ripio and Polygon Partner to Expedite Web3 Adoption in Latin America February 28, 2023 February 28, 2023 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsFebruary 28, 2023 by Kelly Cromley

Ripio and Polygon Partner to Expedite Web3 Adoption in Latin America

Ripio, the leading marketplace for digital assets in Argentina, has embraced the Polygon network to accelerate the adoption of Web3 applications in the region. Ripio Market, Ripio Portal, and Ripio Wallets are being integrated into the Polygon blockchain network by the Buenos Aires-based startup. It reaches over 7 million residents in the region at present. Furthermore, Ripio will utilize Polygon Labs’ scaling technologies to create a B2B blockchain.

As per Hamzah Khan, director of DeFi at Polygon Laboratories, this deal is a significant landmark in the effort to expand the Polygon platform in Latin America. Ripio clients will also be given access to a larger selection of Web3 services. As a consequence of being integrated with the Polygon framework, its activities will be faster and less costly.

Ripio, a provider of blockchain wallets, has announced a collaboration with Polygon to accelerate blockchain technology adoption in Latin America. As a portion of this partnership, Ripio and Polygon have embedded. It lets consumers link to the Polygon blockchain network and gain access to its decentralized applications.

Ripio Portal is a multi-blockchain wallet that enables the purchase, sale, reception, transmission, and exchange of tokens. Furthermore, it permits customers to save digital assets and play Web3 games. With this inclusion, Ripio’s users have access to a vast array of decentralized applications. Linking to the Polygon blockchain network, it includes prominent initiatives such as OpenSea, Uniswap V3, Magic Eden, and Aave.

The union of Polygon and Ripio is a major step towards fostering technology adoption in Latin America. Polygon revealed its affiliation with Nubank, one of the top online banking platforms in Brazil, Colombia, and Mexico, with more than 70 million customers, in October of 2017. Nubank utilizes Polygon Supernets platforms for creating its cryptocurrency token, Nucoin.

Ripio’s goal, according to Sebastián Serano, co-founder, and CEO, is to enable the cryptocurrency world open to as many individuals and organizations as feasible. They are devoted to their clients and endeavor every day to facilitate Web3 connectivity, which they feel will become the standard in the future.

It is anticipated that the partnership between Ripio and Polygon will hasten the widespread use of blockchain technology in Latin America. By simplifying the process for consumers to link to the Polygon network and utilize its decentralized applications, this partnership has the possibility of rendering blockchain technology accessible to a greater audience.


AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.