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Ripio

From EverybodyWiki Bios & Wiki


Ripio
File:Ripio logo.png
Private
ISIN🆔
IndustryFinancial technology
Founded 📆2013; 13 years ago (2013)
Founder 👔Sebastián Serrano, Luciana Gruszeczka, and Mugur Marculescu
Headquarters 🏙️,
Buenos Aires
,
Argentina
Area served 🗺️
Key people
Sebastián Serrano (CEO)
Products 📟 Cryptocurrency exchange
Members
Number of employees
🌐 Websitewww.ripio.com/en
📇 Address
📞 telephone

Ripio is an Argentine financial technology company that provides infrastructure for cryptocurrency transactions and operates as a platform for blockchain-based financial services in Latin America and the United States.[1][2]

The company, founded in 2013 as BitPagos, offers a digital wallet, cryptocurrency exchange, an OTC desk for high-volume trading, and "crypto-as-a-service" infrastructure for businesses.[3][4]

In 2025, it surpassed 24 million users.[5]

History

Ripio began in 2013 under the name BitPagos.[6] In May 2019 the company announced a trading platform for Argentina, Brazil and Mexico, alongside an institutional OTC desk.[7]

In 2015, Ripio acquired Unisend.[8]In 2018, it began operating in Mexico.[9]

In January 2021, Ripio acquired Brazilian exchange BitcoinTrade, described at the time as the country's second-largest crypto exchange by volume.[10][11] Later that year the company closed a US$50 million Series B round to accelerate regional expansion.[12]

Ripio expanded into the United States in 2022 through its institutional business in Florida,[13] where its unit OTCIS LLC (Ripio US / Ripio Select) is listed as a money services business and holds a Florida money transmitter license.[14][15] In June 2023, Spain's central bank approved Ripio to operate as a virtual asset service provider in that country.[16][17]In November of that year, IOL Inversiones formed an alliance with Ripio to launch IOL Cripto. [18]

The company has launched card and stablecoin products. In August 2022 Ripio began rolling out a Visa-branded prepaid crypto card in Brazil.[19] In Argentina, the card launched in February 2023.[20] In August 2023 it introduced a U.S. dollar–pegged stablecoin (UXD) on the LaChain network.[21] It established agreements with TaxBit for regulatory compliance[22] and with Oca Blue for operations in Uruguay.[23]

In November 2025 Ripio announced wARS, a stablecoin linked to the Argentine peso, launched on Ethereum, Base and World Chain.[24][25]

Ripio has also supplied crypto infrastructure to third parties. It established partnerships with Mercado Libre and Mercado Pago to integrate cryptocurrency services in the e-commerce ecosystem in Chile, Brazil and Mexico.[26][27][28]

Operations

As reported by international media at the time of its Spanish approval, Ripio operates in Argentina, Brazil, Chile, Colombia, Mexico, Uruguay, Spain and the United States.[29]

Products and services

Ripio provides a consumer wallet and exchange; an OTC desk (Ripio Select) for institutions and high-net-worth clients; and white-label APIs and on/off-ramp services for companies.[30][31][32] The firm has issued payment cards in partnership with Visa.[33]

Partnerships and integrations

In October 2020 Ripio and Circle announced a collaboration to support USDC adoption in Latin America.[34][35] In 2023 the company announced technical integrations with the Algorand and Polygon networks.[36][37]

Recognition

In 2020, Ripio was named to the World Economic Forum 2020 "Technology Pioneers" cohort, a program that recognizes early-stage companies and social enterprises developing technologies with the potential to transform industries and improve lives. [38] [39]

Founders and leadership

Public sources identify Sebastián Serrano, Luciana Gruszeczka and Mugur Marculescu as founders or key principals; Serrano serves as CEO.[40][41]

See also

References

  1. ↑ del Castillo, Michael (2017-04-26). "Overstock Caps Series A for Bitcoin Startup Ripio With $400k Funding". CoinDesk. Retrieved 2025-11-08.
  2. ↑ Manoylov, MK (2022-11-25). "Argentina's Ripio Sets Up Shop in Florida in First U.S. Move". The Block. Retrieved 2025-11-08.
  3. ↑ "Ripio Rolls Out Crypto-Powered Loans Across Latin America". CoinDesk. 2018-09-05. Retrieved 2025-11-08.
  4. ↑ "Crypto as a Service: Crypto Infrastructure for Companies". Ripio. Retrieved 2025-11-08.
  5. ↑ "Ripio supera los 24 millones de usuarios y pone foco en sus operaciones B2B en Colombia". Colombia Fintech (in español). Colombia Fintech. 2025-08-29. Retrieved 2025-12-11.
  6. ↑ del Castillo, Michael (2017-04-26). "Overstock Caps Series A for Bitcoin Startup Ripio With $400k Funding". CoinDesk. Retrieved 2025-11-08.
  7. ↑ "Ripio Is Launching a Crypto Exchange for 3 Latin American Nations". CoinDesk. 2019-05-16. Retrieved 2025-11-08.
  8. ↑ "Argentina's Ripio acquires second-largest crypto exchange in Brazil". CoinDesk. CoinDesk. 2021-01-05. Retrieved 2025-12-11.
  9. ↑ "Ripio llega a México y aspira a expandirse por latinoamérica". CriptoNoticias (in español). CriptoNoticias. 2018-07-23. Retrieved 2025-12-11.
  10. ↑ Allison, Ian (2021-01-05). "Argentina's Ripio Acquires Second-Largest Crypto Exchange in Brazil". CoinDesk. Retrieved 2025-11-08.
  11. ↑ "Ripio announces acquisition of BitcoinTrade, Brazil's second-largest crypto exchange". The Block. 2021-01-05. Retrieved 2025-11-08.
  12. ↑ Engler, Andrés (2021-09-20). "Latin American Crypto Firm Ripio Raises $50M to Accelerate Regional Expansion". CoinDesk. Retrieved 2025-11-08.
  13. ↑ Manoylov, MK (2022-11-25). "Argentina's Ripio Sets Up Shop in Florida in First U.S. Move". The Block. Retrieved 2025-11-08.
  14. ↑ "Ripio (US) – Select OTC". Ripio. Retrieved 2025-11-08.
  15. ↑ "Crypto OTC for Business". Ripio. Retrieved 2025-11-08.
  16. ↑ "Latin American Crypto Firm Ripio Approved to Operate in Spain as an Exchange". CoinDesk. 2023-06-27. Retrieved 2025-11-08.
  17. ↑ "Spain gives Ripio greenlight to offer crypto products". Blockworks. 2023-06-27. Retrieved 2025-11-08.
  18. ↑ "IOL inversiones realizó una alianza con Ripio y lanzó un nuevo servicio cripto". Infobae (in español). Infobae. 2023-11-14. Retrieved 2025-12-11.
  19. ↑ "Latin American Crypto Firm Ripio Launches Prepaid Crypto Card in Brazil". CoinDesk. 2022-08-23. Retrieved 2025-11-08.
  20. ↑ Carrió, Tomás (2023-02-08). "Ripio lanza su nueva tarjeta en Argentina y apunta a recuperar la confianza en cripto". Bloomberg Línea. Retrieved 2025-11-10.
  21. ↑ Engler, Andrés (2023-08-03). "Latin American Crypto Company Ripio Launches U.S. Dollar–Pegged Stablecoin". CoinDesk. Retrieved 2025-11-08.
  22. ↑ "TaxBit and Ripio Partner for Crypto Compliance in Latin America". Fintech Review. Fintech Review. 9 July 2025. Retrieved 2026-01-14. Unknown parameter |url-status= ignored (help)
  23. ↑ "Ripio empuja la adopción cripto en Latinoamérica con un nuevo acuerdo con OCA Blue para Uruguay". Economis (in español). Economis. 7 January 2026. Retrieved 2026-01-14. Unknown parameter |url-status= ignored (help)
  24. ↑ "Latin American Crypto Exchange Ripio Launches Argentine Peso Stablecoin 'wARS'". CoinDesk. 2025-11-01. Retrieved 2025-11-08.
  25. ↑ ""Marca un hito": el peso argentino se podrá operar 24/7". LA NACION (in español). La Nación. 29 October 2025. Retrieved 2026-01-14. Unknown parameter |url-status= ignored (help)
  26. ↑ Engler, Andrés (2023-03-29). "Latin American E-Commerce Giant Mercado Libre Expands Crypto Trading to Chile". CoinDesk. Retrieved 2025-11-11.
  27. ↑ "E-Commerce Giant Mercado Libre Introduces Cryptocurrency in Brazil, Plans Wider Latin America Use". CoinDesk. 2022-08-18. Retrieved 2025-11-11.
  28. ↑ "Criptomonedas en Mercado Pago (México)". Mercado Pago (in español). Retrieved 2025-11-11.
  29. ↑ "Latin American Crypto Firm Ripio Approved to Operate in Spain as an Exchange". CoinDesk. 2023-06-27. Retrieved 2025-11-08.
  30. ↑ "Crypto wallet". Ripio. Retrieved 2025-11-08.
  31. ↑ "Trading for institutions and high net-worth individuals (Ripio Select)". Ripio. Retrieved 2025-11-08.
  32. ↑ "Crypto as a Service: Infrastructure for Companies". Ripio. Retrieved 2025-11-08.
  33. ↑ "Latin American Crypto Firm Ripio Launches Prepaid Crypto Card in Brazil". CoinDesk. 2022-08-23. Retrieved 2025-11-08.
  34. ↑ "Ripio Partners with Circle to Accelerate USDC Stablecoin Adoption Across Latin America" (Press release). PR Newswire. 2020-10-14. Retrieved 2025-11-08.
  35. ↑ "Ripio, Circle Partner To Boost USDC Stablecoin Use in LatAm". PYMNTS.com. 2020-10-14. Retrieved 2025-11-08.
  36. ↑ "Ripio and Algorand Join Forces to Offer Better Options for Crypto Trading in LatAm". Algorand Foundation. 2023-08-24. Retrieved 2025-11-08.
  37. ↑ "Ripio Comes to Polygon to Accelerate Blockchain Adoption in Latin America". Polygon. 2023-02-27. Retrieved 2025-11-08.
  38. ↑ "World Economic Forum Announces 100 New Technology Pioneers in 2020 Cohort". World Economic Forum. 2020-06-16. Retrieved 2025-11-08.
  39. ↑ "The World Economic Forum's 2020 Technology Pioneers". World Economic Forum. 2020-06-16. Retrieved 2025-11-08.
  40. ↑ del Castillo, Michael (2017-04-26). "Overstock Caps Series A for Bitcoin Startup Ripio With $400k Funding". CoinDesk. Retrieved 2025-11-08.
  41. ↑ "2018 Fintech100 – The World's Leading Fintech Innovators" (PDF). KPMG / H2 Ventures. 2018. Retrieved 2025-11-08.

External links



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