Share this article
Latin American Delivery Unicorn Rappi Launches Crypto Payments Pilot
The Colombia-based company has partnered with BitPay and Bitso to convert crypto into credits for purchases within its platform.
Updated May 11, 2023, 4:09 p.m. Published Apr 11, 2022, 6:25 p.m.
Make us preferred on Google
In this article
Rappi, a Colombian delivery app with operations in nine Latin American countries, has begun a crypto payments pilot program in Mexico.
- Teaming with crypto payments provider BitPay and Mexican crypto exchange Bitso, Rappi said Monday it will allow customers to convert crypto into credits that can then be used to complete purchases on the company’s platform.
- "We are studying the crypto world with interest and believe that the future is the intersection of the crypto world with non-crypto companies," Rappi President Sebastian Mejia said in the announcement, adding that the pilot is a first step "to continue incorporating the crypto world into Rappi."
- Rappi already provides financial services in Colombia, Brazil, Mexico, Chile and Peru, and is trying to win regulatory approval for operating as a digital bank in Colombia at some point this year, reported Reuters late in 2021.
- In July the company raised $500 million at a valuation of $5.25 billion in a Series F funding round, giving the company unicorn status.
More For You
More For You
The Genius Act ripple effect: Sui executives say institutional demand has never been higher
Evan Cheng and Stephen Mackintosh said 2025 marked a turning point for institutional adoption, with tokenization and agentic commerce emerging as the next frontier.
What to know:
- Executives cited ETF flows, DAT growth and major trading firms entering crypto.
- Tokenization and instant settlement could blur the line between traditional and decentralized markets.
- Low-latency design and composable tooling aim to power AI-driven and tokenized financial use cases.
Top Stories
