Crypto.com Partners with BTG Pactual to Promote Crypto Banking Services in Latin America
Crypto exchange Crypto.com has announced a strategic partnership with BTG Pactual, one of the largest banking institutions in Latin America. The collaboration aims to promote crypto banking services within the region, with a specific focus on endorsing the usage of BTG Pactual’s stablecoin, BTG Dol, which is pegged to the US Dollar at a 1:1 ratio.
BTG Dol Listing Details
The exchange has revealed that BTG Dol will be paired with prominent crypto assets such as Bitcoin and Ether to promote the stablecoin. This move is in line with the overarching objective of the partnership – to promote the digital economy and crypto banking services in Latin America, while bridging the gap between traditional and digital finance for its user base.
Crypto.com and BTG Pactual Partnership
According to BTG’s head of digital assets, Andre Portilho, the collaboration with Crypto.com will facilitate BTG’s entry into an “evolving digital asset landscape,” demonstrating the institution’s commitment to innovation and excellence in integrating crypto technology into traditional financial markets.
BTG Dol, introduced in April 2023, is built upon BTG’s proprietary crypto technology platform, Mynt, and is designed to offer investors a more convenient and secure channel for making dollar-denominated investments.
Crypto.com CEO Eric Anziani expressed his excitement about the partnership, emphasizing the immense potential of the Latin America region for collaborations between traditional finance and digital finance.
Ian is a cryptocurrency enthusiast blending humor with professionalism. With an engineering background and a storyteller's heart, he simplifies the blockchain world with sharp analysis and a touch of wit. At Cryptowire, he brings his unique perspective to make digital financial innovation accessible to all.
