Delivery App Rappi Launches Pilot Project to Accept Crypto Payments in Mexico

Delivery App Rappi Launches Pilot Project to Accept Crypto Payments in Mexico

Rappi, one of the biggest delivery companies in Latam, has launched a pilot project with the objective of accepting cryptocurrencies as a payment method. Users will be able to buy Rappi credits with cryptocurrency to spend later on various services offered by the app. This functionality will only be available for users of these services in Mexico. Rappi Gets Into Cryptocurrency Payments

Rappi, one of the largest delivery services in Latam, has decided to bring cryptocurrencies to its app. The company — which last year reached a valuation of more than $5 billion in its Series G funding round — announced that it is bringing the possibility for customers to use cryptocurrencies as a payment method, using them to purchase Rappi credits directly from the app.

These Rappi credits can then be used to pay for delivery services offered in the app. The company, which has its origins in Colombia, becoming the first Colombian unicorn in 2018, has a presence in almost all of Latam, including Mexico, Costa Rica, Colombia, Peru, Ecuador, Chile, Argentina, Uruguay, and Brazil. However, Rappi announced this new pilot project will be limited to Mexican users and has not referred to a possible expansion.

This inclusion of cryptocurrencies answers the rise of the digital world and the search for innovation regarding ways for users to interact with the app. On the importance of innovation and cryptocurrencies for the future of the company, Sebastián Mejia, president of Rappi, stated:

Innovation is one of the pillars of Rappi. We are studying the crypto world with interest and we believe that the future is the intersection of the crypto world with non-crypto companies, with easy user experiences and without complexity. Implementation and Other Instances of Crypto Inclusion

While this pilot project is still in its early stages, the company did announce they were working with exchanges in the country to further integrate their services and make it easier for customers to spend their cryptocurrencies in the app. Rappi mentioned Bitso and Bitpay, two exchanges with a presence in the country, as participants in this regard.

Rappi also explained the company is working to enhance the security of transactions between the exchanges and the app. Other companies in Latam are also working to include crypto in their business model. This is the case with Nequi, a Colombian fintech platform that is planning to make an entrance into the crypto sector in the country. Tags in this story Cryptocurrency, delivery service, Innovation, latam, Mexico, Payments, rappi, unicorn

What do you think about the pilot project that Rappi is starting in Mexico? Tell us in the comments section below. Sergio Goschenko

Sergio is a cryptocurrency journalist based in Venezuela. He describes himself as late to the game, entering the cryptosphere when the price rise happened during December 2017. Having a computer engineering background, living in Venezuela, and being impacted by the cryptocurrency boom at a social level, he offers a different point of view about crypto success and how it helps the unbanked and underserved. Anonymous Has Released Over 2 Million Russian Emails in Cyberwar With Russia NEWS | 11 hours ago Golden State Warriors Commemorate 2022 NBA Playoff Run With a Responsive NFT Collection NEWS | 16 hours ago

Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleMappedSwap Is Giving Away More Than 800,000 MST This April Next articleCryptocurrencies Carry Systemic Risks, Threaten Ruble, Bank of Russia Insists Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItPolygon Announces Zero-Knowledge Identity Platform for Web3

On March 29, Polygon, the layer two (L2) scaling solution that runs parallel with the Ethereum blockchain, has announced a new identity platform called Polygon ID. While the protocol is is still under development, Polygon ID is powered by zero-knowledge ... read more.Kenya Central Bank Governor: Low Smartphone Penetration Working Against Plan to Launch CBDC Indian Government Consulting With IMF, World Bank on Crypto Policy Bandai Namco Announces Gundam Themed Metaverse Vaneck Report Calculates Bitcoin Price Could Tap $4.8M if BTC Becomes the Global Reserve Currency