SNEAK PEEK
- Coinbase expands in Brazil with Pix integration and a localized app.
- Fabio Plein appointed as Coinbase’s Regional Managing Director of the Americas.
- Strategic banking partnership with Standard Chartered to improve banking services for users.
In a bid to achieve its goal of providing broader access to the world of cryptocurrency, Coinbase, the leading platform for crypto exchange, has revealed its intention to expand into Brazil. According to the reports, Coinbase has integrated with Pix, a popular payment system in the country, to offer seamless transactions for Brazilian users.
Big news! Coinbase is expanding in Brazil! 🇧🇷
Our mission is to democratize access to the crypto economy globally so we’ve integrated with Pix for smooth transactions, launched a fully localized app in Portuguese, and offer 24/7 support. pic.twitter.com/NkeGyvCu3h
— Coinbase (@coinbase) March 21, 2023
Furthermore, Coinbase has launched a fully localized app in Portuguese, providing 24/7 support to ensure a smooth user experience. This move is set to strengthen Coinbase’s presence in South America and increase access to Brazil’s growing crypto market.
In an official blog post, Coinbase claimed that it has appointed Fabio Plein as the Regional Managing Director of the Americas, in addition to his role as Country Director for Brazil. With vast experience in finance and consumer tech, Fabio is a valued member of Coinbase. This move highlights the company’s commitment to investing in the region and fortifying its industry position.
In this regard, Coinbase recently unveiled a new strategic banking partnership with Standard Chartered, a prominent international banking group, to bolster the company’s banking strategy. Further, the move aims to provide Coinbase users with improved access to banking services and facilitate faster, more secure fund transfers.
Based on the reports, Coinbase also made significant strides in expanding its presence in the global cryptocurrency market by upgrading its retail platform, Singpass, for Singapore-based customers. With this upgrade, Coinbase customers in Singapore can now transfer funds to and from their accounts for free, using any local bank in the country.
In conclusion, these developments represent a significant milestone in Coinbase’s ongoing efforts to expand its reach and provide seamless cryptocurrency services to users worldwide.
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- Source: https://investorbites.com/coinbase-expands-to-brazil-taps-pix-for-seamless-transactions/
