Latin American Crypto Exchange Ripio Unveils DeFi Credit Card With Visa

As a seasoned analyst with years of experience in the dynamic world of finance and technology, I find Ripio’s latest venture into DeFi credit cards particularly intriguing. Having closely followed the growth of cryptocurrencies and their integration into mainstream financial systems, I am impressed by Ripio’s continuous efforts to bridge this gap.

In simpler terms, the Latin American digital currency platform Ripio is experimenting with a Visa credit card connected to blockchain technology. This card enables users to process transactions using a portion of their assets kept in a decentralized finance (DeFi) liquidity pool, as stated by CEO Sebastian Serrano on Thursday.

He mentioned that they plan to initially conduct tests with selected users, but eventually make it accessible for all. This is a demonstration or prototype phase, during which there will be much to verify. If you’re interested, you can sign up for our waitlist to get early access to our card.

2022 saw the launch of Ripio’s prepaid Visa card, enabling transactions using cryptocurrencies and offering Bitcoin as cashback rewards.

Ripio functions across Argentina, Brazil, Uruguay, Colombia, Mexico, Chile, the United States, and Spain. According to them, they have surpassed 10 million individual users and collaborated with approximately 2,000 institutions.