Ripple, Coinbase Invested Bitso Is Hiring A Country Manager For Its Brazil Expansion

2020-1-21 18:15

The Mexican crypto exchange is hiring for its expansion into the Brazilian market The new position has to “create, iterate and scale crypto-powered financial services for users across Latin America” XRP/MXN corridor hit new records on Bitso on Jan. 20

Latin America’s leading cryptocurrency platform, Bitso is taking a step towards evolving “how Latin Americans think about and use money.”

For its expansion, Bitso has chosen Brazil as its next destination and is hiring Country Manager to lead its international expansion in Brazil.

Bitso’s goal is to provide hundreds of millions of individuals across Latin America with cheap, fast, and user-friendly financial services powered by blockchain technology and believes, “it’s time for Latin Americans to have an alternative form of currency.”

The new hiring position has to drive the growth of Bitso into new territories with responsibilities including, define a strategic roadmap, establish strategic partnerships, monitor local operations, recruit, coach and help develop Bitso's team in Brazil, and keep up with local and global regulatory developments.

With a number of compensation and benefits, the purpose is to “create, iterate and scale crypto-powered financial services for users across Latin America.”

The Gibraltar Financial Services Commission (GFSC) regulated exchange has been a Ripple partner since the company's early days. In Oct. last year, Ripple along with Coinbase led a new investment round to support the Mexican crypto exchange. Ripple SVP of Product Asheesh Birla also joined the exchange's board of directors.

Bitso plays a vital role in #RippleNet’s US to MXN corridor, and we’re thrilled to expand our partnership as we broaden our reach in LatAm. https://t.co/gpPP0UGTiC

— Ripple (@Ripple) October 14, 2019

The raised funds were to help Bitso expand its business in Brazil and Argentina among other Latin American countries.

Earlier in 2019, Ripple launched On-Demand Liquidity (ODL) that leverages XRP with MoneyGram into Mexico with Bitso as a key exchange partner.

The XRP/MXN corridor has been hitting new records on Bitso repeatedly, with an all-time new high made on 20 Jan 2020 at 10.2 million.

Ripple (XRP) Live Price 1 XRP/USD =$0.2382 change ~ 2.38%

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