How Xapo Bank is capitalizing on a crypto revolution in Latin America | Headlines | News | CoinMarketCap
11/23/2023 00:55
In Latin America, a region marked by diverse economic challenges and varying levels of financial technology adoption, Xapo Bank is emerging as a key …
In Latin America, a region marked by diverse economic challenges and varying levels of financial technology adoption, Xapo Bank is emerging as a key player in its crypto revolution.
“While Latin America has a smaller crypto economy than most other regions, grassroots adoption is strong, with Argentina and Mexico ranking very highly,” Xapo Bank CEO Seamus Rocca told The Block in an interview.
With digital banks thriving in Brazil due to their convenience and ease in cross-border payments, the demand for remittance services in Mexico, and Argentina grappling with hyperinflation, Xapo Bank's fusion of traditional banking with access to bitcoin, stablecoins and altcoins is well placed to service that growing demand, Rocca said.
Given the inflationary pressures and instability across …