Our objective is to bridge this gap between fiat and crypto for traders throughout all the region in a fast and efficient way”- Huobi’s Director of Global Strategy.
The next chess move involves collaboration with Latamex, Settle Network’s on-ramp and off-ramp fiat-to-crypto payment gateway, with the purpose of facilitating fiat-to-crypto purchases and sales in Argentina, Brazil, and Mexico.
The exchange also launched a promotion for its users, allowing them to buy cryptocurrencies with no costs for the first month of service if they use fiat money.
According to Huobi’s Director of Global Strategy, Jeff Mei, the exchange will get access to a market of 600 million prospective clients as a result of the cooperation.
“Latin American market holds more than 600 million people and we feel the need to reach them. Settle will be a key partner for us in this process of market penetration. Our objective is to bridge this gap between fiat and crypto for traders throughout all the region in a fast and efficient way”.
Latamex ensures that it will comply with all KYC and AML regulations in any country where it does business. Both the exchange and its users can be certain that they are protected by regulatory agencies in this way.
Settle Network’s CEO, Pablo Orlando, expressed his delight as well. According to Latamex’s claims, cooperation like the one between Latamex and Huobi will be highly beneficial for new users who are looking for simple ways to get into crypto.
“We provide financial infrastructure in a reliable, frictionless and compliant way to operate digital assets with domestic fiat money, helping their Latin American users with simple access to cryptocurrencies through our product Latamex”.
Settle Network, as its name suggests, is a Latin American settlement network that facilitates cross-border payments. Its interoperable infrastructure acts as a link between analog and digital assets.
