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Rappi, a Colombian on-demand delivery firm that gives services across nine occupier countries, has extended a cryptocurrency payment program in Mexico. A report unveiled the news on April 11, noting that the corporation teamed up with crypto payment service supplier BitPay and Mexican digital plus exchange Bitso to launch this service. Consistent with the report, the crypto payment service can enable Mexican customers to use crypto in their debit cards to buy products and services at intervals using the Rappi app.
Rappi will accept crypto payments in Mexico
The company didn’t justify why it was determined to launch the crypto payment possibility in the United Mexican States solely despite being operational in Colombia, Costa Rica, Peru, Ecuador, Chile, Argentina, Uruguay, and Brazil. Additionally, the firm did not reveal the cryptocurrencies it’d support.
In keeping with Sebastian Mejia, Rappi’s President, learning the crypto world with interest and believes that the long run is the intersection of the crypto world with non-crypto companies. Additionally, It’s a primary step that will enable the United States of America to be told and continue incorporating the crypto world into Rappi.
In 2021, Rappi launched Pay with Rappi in the United Mexican States last year, providing customers with an easy way to create online payments. With this launch, Rappi sought-after to vie against PayPal and its regional contestant MercadoLibre.
Crypto payments acceptance among merchants soars
Beyond Latin America, startups and merchants are additional} clutches of crypto, particularly when last year’s bull rally saw Bitcoin hit an incomparable high of $68,789.63. BitPay has a crucial role in serving huge and tiny businesses worldwide that embrace crypto payments.
To assist alter transactions within the flagship cryptocurrency, BitPay integrated Lightning Network earlier in April. Per the firm’s co-founder, Tony Galippi, the Lightning Network integration helps supply customers with more payment choices and merchants more ways to induce payment through blockchain technology.
With this integration, BitPay conjointly opened a new avenue for BTC to become mainstream. BitPay merchants won’t have to modify their current setups to begin acceptive Lightning Network payments.
