Ripio and Polygon Labs are trying to strengthen the crypto ecosystem in Latin America

Ripio and Polygon Labs are trying to strengthen the crypto ecosystem in Latin America

Ripio, a pioneering brand in the crypto sector in Latin America with a reach of more than 7 million users and a trajectory of almost a decade in the market, has just been integrated into the Polygon PoS protocol to continue to provide the services it offers development offers to its customers.

Now users of the Polygon ecosystem can use Ripio Portal products – launched last week in Brazil, Uruguay, Colombia and Mexico – Ripio Trade and Ripio Wallet. In addition, Ripio is developing a B2B blockchain for this project with support from Polygon Labs.

Building on Polygon allows the Ripio community to connect to a wide variety of Web3 protocols and transact at a lower cost than on the Ethereum network. In turn, Polygon Labs is looking to further expand the use of the Polygon network in Latin America, and Ripio offers its users a second network option from an extremely important and globally recognized ecosystem.

How does Polygon work and is it different from the Ethereum network?

Polygon is a set of different scaling solutions, which aims to improve the performance and responsiveness of one of the most widely used blockchains in the world: Ethereum.

For this, it offers faster, easier and cheaper transactions, increasing the scalability of the network.

In addition, users can add new use cases without losing compatibility with the rest of the Ethereum DApps ecosystem. That’s why leading DeFi protocols, NFT marketplaces, and play-to-win games quickly migrated to this ecosystem.

Ripio use cases and user benefits

By integrating the Polygon network with Ripio products, users can access
money markets such as AAVE and Compound, in the field of decentralized finance; NFT marketplaces like Opensea and Magic Eden and also the main networks used for games like Aavegotchi, Decentraland and The Sandbox.

The key to this world is Ripio Portal: the Web3 multichain wallet that supports various blockchain networks such as Ethereum and Polygon. To use it, it is necessary to install a web browser extension (Google Chrome, Firefox and Brave) that allows all Ripio users to connect to the Web3 universe, simplifying and accelerating the use of decentralized applications and products.

In this wallet it is possible to buy, sell, receive, send, exchange tokens and crypto-assets through simpler, faster and more convenient transactions and validations. In addition, it is possible to store cryptoassets and fungible tokens such as stablecoins or altcoins, NFT and access play-to-earn games.

“The fact that a leading global company like Polygon Labs trusts Ripio to strengthen and contribute to the development of the crypto ecosystem in Latin America fills us with pride and increases our desire to continue fighting for a decentralized future. We are committed to our users and try every day to facilitate access to the crypto world for as many people and institutions as possible. And doing this in partnership with Polygon is an important part of our Ripio Portal product, which we launched a few days ago in Brazil, Uruguay, Colombia and Mexico and last year we launched in Argentina. We want to simplify access to Web3, which will undoubtedly be the future,” said Sebastián Serrano, CEO and co-founder of Ripio.

“This partnership is an important step in our mission to expand the use of the Polygon network across Latin America,” said Hamzah Khan, Head of DeFi at Polygon Labs. “By integrating with the Polygon protocol, Ripio users can access a wider range of Web3 protocols and enjoy faster and cheaper transactions,” he added.

Source: Live Coins