Mexo announces the integration of LatamEx to facilitate purchases of crypto coins with Latin American fiat currencies30. September 2020
The Latin American exchange will now provide the opportunity to buy crypt coins with Mexican, Argentinean and Brazilian real.
Mexo, an exchange located in Mexico and available to all Latin American countries, has announced the integration of LatamEx into its systems to allow the purchase of cryptomonies with the region’s local currencies.
From this alliance with LatamEx, the exchange will enable a tab called „Buy Crypto“, where users will be able to buy Bitcoin, Ether and Litecoin using Mexican pesos, Brazilian reals and Argentinean pesos.
Maggie Wu, Mexo’s CEO, commented that „Providing local currency options within the main Latin American countries is very important to us as we believe this is the way to meet the needs of the community and encourage the adoption of blockchain and crypto currencies. Now, our users in the region can access a professional trading platform with the highest international standards and buy directly with their local currencies.
On the other hand, Jack Saracco, Head of Business Development & Partnerships at Settle Network, the company behind LatamEx, mentioned that “Latin America is a key market in the crypto industry that is growing at an accelerated pace as the volatility of local economies puts pressure on alternative means of payment and savings. (…) Our partnership with Mexo will allow Latin American users to buy crypto currencies with their pesos and reales in LATAM. We are pleased to help partners prosper in Latin America.
As announced in Cointelegraph earlier, Mexo is a cryptomoney exchange that is powered by blockchain marketing consultancy Krypital Group and began operations on August 20 in Mexico. At the beginning, Krypital Group explained that they chose Mexico to establish their crypto exchange platform, although they mentioned that they would have an expansion throughout the Latin American market.