TL;DR Breakdown
• The shipping company from Colombia will gradually launch crypto payments.
• Rappi Mexico joins BitPay to accept cryptos.
Recently, one of the leading delivery companies in Colombia, Rappi, announced its foray into the crypto market, where it intends to accept Bitcoin as a payment method. According to reports, the delivery company in Latin America will arrive in Mexico with its crypto payments. The app would advance in technology to meet the high demand for solutions from the crypto industry in recent months.
To achieve its mission, Rappi had to join forces with Bitpay, one of the best crypto payment platforms on the continent. According to reports, the company is launching a test project for its Mexican clients to see the impact of this new technology.
Rappi app will accept cryptos as payment
The multinational company dedicated to delivering food and other products accepts that cryptocurrency and the blockchain are technologies they could not ignore. According to its General Director, Mejia Sebastian, the firm must move forward with technology and recognize that cryptos have gained global relevance.
Rappi currently offers its services in 9 Latin countries, including Mexico, where it will launch its field test for crypto payments. In previous months, the company linked the Pay with Rappi project that allows the payment of services through the PayPal platform. This development allowed the app to surpass its closest rival, Mercado-Libre.
Rappi´s director explains plan
Mejia, Rappi´s Director, indicates that with this field test, it has decided to create a scheme that allows customers to use their wallets to send crypto funds. The head of the app clarifies that any wallet linked to BitPay will be able to send your money without charging high commission rates.
Customers can obtain crypto credits through the app and redeem them later. The delivery company stands out from its competitors, such as Mercado-Libre and Uber, throughout Latin America. We don’t know the exact cryptos the app will accept yet, but it is most likely that Bitcoin is on the list.
The crypto industry gains power as more companies join the trend of accepting tokens as payment. In Latin America, the trend in crypto transactions increased because they are fast, secure, and offer lower transfer rates.
According to reports, crypto payments in commercial and digital stores have been normalized in the Latin market. Elektra, a Mexican conglomerate, said in previous months that people who use crypto payments in its system would get a 20 percent discount on the purchase of products. Following these advances in decentralized trading, Rappi is likely to succeed after its trial launch.
