Ripio Gains Approval from Bank of Spain to Offer Crypto Services

By receiving authorization from the Bank of Spain to conduct business as a supplier of virtual currency exchange services and provider of custody for digital wallets, Ripio, a famous crypto services provider in Latin America, has accomplished an important milestone. This news is proof of Ripio’s commitment to and diligence in growing its business.

The Bank of Spain’s clearance, according to Sebastián Serrano, CEO of Ripio, is a significant accomplishment for the business. Serrano tweeted his joy, writing, “After much hard work, Ripio finally approved to operate in Spain.”

Ripio’s Expanding Presence and Involvement in LaChain

Ripio was first established in Argentina, but now offers its services in Brazil, Uruguay, Colombia, Chile, Mexico, and the US. Ripio has made a name for itself in the Latin American cryptocurrency sector by conducting monthly transactions worth $200 million for its 8 million users.

Ripio gained notoriety in June when it took part in the introduction of LaChain, a brand-new layer one blockchain created on the Polygon Supernets platform. LaChain, which is maintained by renowned Latin American businesses including SenseiNode, Num Finance, Cedalio, and Buenbit, focuses on meeting particular demands in the area.

The Bank of Spain’s acceptance of Ripio’s application to do business as a virtual currency exchange service provider and digital wallet custodian demonstrates the company’s dedication to growing its clientele and offering trustworthy crypto services. The certification of Ripio, a major participant in the Latin American cryptocurrency sector, is in line with its goal of providing simple and safe cryptocurrency transactions.