New Cryptocurrency Credit Card for Argentina and Brazil – Ripio Revolutionizes Payments, and other News
The crypto revolution is in full swing and here are the latest trends in the world of cryptocurrencies. Ripio’s announcement of a new credit card tied to digital assets and Bit2Me’s approval for operation in Argentina stand out.
Cryptocurrency exchange Ripio has announced a Visa credit card for users in Argentina and Brazil. Without the need for users to connect directly to protocols, it works through decentralized finance (DeFi). Thus, the product aims to facilitate access to the financial system in order to make financed purchases with the use of digital assets as collateral. As a matter of fact, the stock exchange is planning to officially launch it by October 2024.
“What if you are in another country and shop with your Ripio Card? Of course you can. Because it is international, you can use it to make payments anywhere in the world. Wait! You’re probably wondering what the benefits are of using it in Argentina,” Ripio published on September 11 via X.
Sebastián Serrano, CEO of Ripio, explained: “The user can pay gradually, as they wish, or, if they prefer, they can increase the guarantee, make a partial payment and release more credit. There will be a progress bar that will visibly and intuitively show how managing this credit is going”.
A Major Step for Bit2Me: Conquering the Argentinean Market with the Approval of the CNV
Bit2Me, one of Spain’s leading crypto exchanges, has received approval as a virtual asset service provider (PSAV) from Argentina’s National Securities Commission (CNV). The move highlights the growing acceptance and regulation of the crypto sector in Latin America.
In a statement, the company said, “This authorization reinforces Bit2Me’s position as a company in compliance with local regulatory standards, providing confidence to both investors and financial institutions in Argentina.”
Indeed, offering innovative tools to manage their finances in the crypto ecosystem, the arrival of Bit2Me opens a world of possibilities for Argentine investors.
Lawmakers Call for Curbing Bitcoin ATM Fraud
The growing problem of crypto scams targeting senior citizens has prompted US lawmakers to sound the alarm. In a letter sent to the 10 largest bitcoin ATM companies in the United States, seven Democratic senators have called on these companies to take immediate action to protect vulnerable consumers.
Specifically, they state: “We are writing to request that you take immediate action to address troubling reports that your Bitcoin Cash Machines (BTMs) are contributing to widespread financial fraud against older Americans.”
The lawmakers have called on companies to implement stronger security protocols to prevent such crimes, arguing that the anonymous nature of cryptocurrencies is being exploited by fraudsters to rob seniors through ATMs.
World ID Joins Solana: A New Era for Digital Identity
On September 13, Worldcoin announced that the project integrated with the Solana Network using a new cross-chain protocol developed by the Wormhole Foundation. This integration makes it easy for developers building distributed applications to integrate the WorldID authenticator into their projects and enable users to access services.
On September 13, Worldcoin posted on X that this was a “Big day for AI. Big day for humans.@wormhole brings World ID to @solana.”
Commenting on this, Robinson Burkey, co-founder of Wormhole, said, “The addition of World ID to Solana is a breakthrough in the identity verification space. Developers can now easily build applications that prioritize real users across chains, improving trust in decentralized ecosystems, with the integration of World ID and Wormhole Queries”.
By Leonardo Perez