OKEx, Settle Network roll out LATAM fiat gateway

Friday 3 July 2020 14:02 CET | News

Crypto exchange OKEx and fiat-crypto solution provider Settle Network have partnered to provide a fiat gateway for LATAM.

Through Settle Network’s product, Latamex, OKEx users can buy Bitcoin (BTC) and Ethereum (ETH) on the exchange with Argentine Peso (ARS), Brazilian Real (BRL), and Mexican Peso (MXN) using bank transfer directly. Settle Network is a digital assets settlement network which has a presence across Latin America for exchange and cross-border payments, providing interoperability between traditional and digital assets by leveraging financial infrastructures of LATAM countries.

Since the world economy has experienced setbacks for some time, people have begun to reflect on the problems in the existing financial system, among which unbankedness has become an unavoidable topic. Currently, about 2 billion adults worldwide do not have bank accounts and Latin America occupies a large proportion. Cryptocurrency has begun to play an increasingly important role in the field of financial services, according to the official press release.

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Keywords: OKex, Settle Network, LATAM, fiat gateway, cryptocurrency, crypto exchange, fiat-crypto, Latamex, Bitcoin, BTC, Ethereum, ETH, ARS, BRL, MXN, bank transfer, digital assets, exchange, cross-border payments, unbankedness
Categories: DeFi & Crypto & Web3
Countries: Latin America
This article is part of category

DeFi & Crypto & Web3