Colombian on-line meals supply firm Rappi has reportedly began accepting cryptocurrency funds in Mexico, Reuters reported.
The supply app has collaborated with cryptocurrency platforms resembling Bitpay and Bitso to permit customers to show crypto into credit and make purchases inside the app.
Rappi co-founder and president Sebastian Mejia stated: “This venture is the corporate’s first step into the cryptocurrency world.
“We’re finding out the crypto world with curiosity and consider that the long run is the intersection of the crypto with conventional non-crypto companies, with straightforward and uncomplicated person experiences.”
Presently, Rappi operates in 9 Latin American international locations.
Final 12 months, the corporate began providing on-line funds with the launch of ‘Pay with Rappi’ in Mexico.
With this launch, the corporate aimed to compete with different on-line cost suppliers, resembling Paypal and regional competitor MercadoLibre.
Moreover, Rappi is providing monetary providers in international locations, together with Brazil, Peru, Mexico and Chile.
Going ahead, it additionally intends to launch a digital banking service in Colombia later within the 12 months.
In January, on-line meals supply service Delivery Hero divested a $150m stake in Rappi.
The German firm first invested in Rappi when it was valued at roughly $400m, and with this divesture, it nonetheless holds roughly 8% in Rappi on a totally diluted foundation.
Supply Hero plans to monetise the remaining stake in Rappi at an acceptable valuation.
In April 2020, amid the Covid-19 disaster, Rappi trialled robot food deliveries. It piloted the service in Medellin, Colombia, for orders that have been paid on-line.