3 years ago
PicPay, the largest payments app successful Brazil, is launching a cryptocurrency speech wherever its 65 cardinal users tin larn astir and bargain bitcoin.
- Brazil’s largest integer payments app, PicPay, is acceptable to alteration its implicit 65 cardinal users to acquisition bitcoin connected its platform.
- It is unclear if users volition beryllium capable to retreat their bitcoin.
- PicPay seeks to alteration the usage of bitcoin arsenic payment, not conscionable an investment.
Brazilian fintech app PicPay volition motorboat an in-app cryptocurrency speech allowing its implicit 65 cardinal users to commercialized bitcoin and different cryptocurrencies arsenic its archetypal crypto merchandise offering, according to a blog post from the company.
“Our archetypal novelty successful the cryptocurrency marketplace volition beryllium an exchange, which is simply a broker for those who privation to put successful cryptocurrencies astatine PicPay,” said Anderson Chamon, VP of exertion and products of PicPay. “The idiosyncratic who wants to cognize wherever to bargain cryptocurrencies volition beryllium capable to bash everything done the app, with a precise simple, applicable and harmless experience.”
In summation to launching an speech allowing its users to buy, merchantability and clasp bitcoin, PicPay seeks to integrate payments with cryptocurrencies into the economy.
“PicPay volition participate the crypto marketplace to pb its popularization not lone arsenic an investment, but besides arsenic a mode to decentralize payments and different fiscal services,” said Anderson Chamon, VP of exertion and products.
PicPay users volition person entree to acquisition materials successful the app to further their cognition successful the sector. Being the largest outgo app successful Brazil, this inaugural has the imaginable to on-board millions to bitcoin. Still, PicPay understands it mightiness acquisition hurdles on the way.
“There is inactive a batch of complexity successful the crypto world, and our relation is to marque it arsenic casual arsenic utilizing wealth for everyone,” explained Chamon.
It is unclear if users volition beryllium capable to retreat their bitcoin.
In April, PicPay announced it had crossed the milestone of 65 cardinal users with its wealth work supplier app, which functions likewise to PayPal oregon Cash App portion besides providing a fiscal marketplace for its users arsenic good arsenic societal media aspects similar backstage messaging. In 2020, the exertion hosted 38.8 cardinal users, which roseate to 50 cardinal astatine the extremity of 2021.
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