The company has partnered with Bitso and Bitpay to allow users to pay for orders using Bitcoin and other cryptocurrencies.
Rappi, the most popular delivery service in Latin America, partners with Bitso and Bitpay to accept payments in Bitcoin (BTC) and other cryptocurrencies.
As Cointelegraph Brazil reports, Rappi is integrating with Bitso and Bitpay as part of a pilot project in Mexico. However, it’s not clear if the pilot will allow access to the service in Brazil and other Latin American countries.
Sebastian Mejia, co-founder and president of Rappi, noted that in this first phase, cryptocurrencies will not be accepted directly from the app. Rappi users in Mexico can pay for loans using cryptocurrencies. You can then use your credit towards any goods and services available through the app.
However, according to the institution’s president, Rappi’s plans for cryptocurrencies are much more ambitious. In addition, further integrations are to be made public in the future. He remarked the following:
“In this first phase, we decided to create a product that would allow our consumers to connect their digital wallets and exchange accounts to convert cryptocurrencies into Rappi credits, thereby accessing all the products available on the platform.”
This isn’t the first time a major delivery service has used Bitcoin payments. Lieferando, like Rappi, was the first of its kind to accept cryptocurrency as a means of payment in 2017. Grubhub has partnered with Bitcoin rewards app Lolli to allow hungry consumers to earn cryptocurrency for their orders.
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The Latin America region has been a hotbed of activity for Bitcoin and cryptocurrency adoption. According to a recent study, 75% of investors in emerging markets in Asia-Pacific and Latin America want to expand their investments in cryptocurrencies. In September 2021, El Salvador became the first country to officially recognize Bitcoin as a legal currency.
Cointelegraph Brazil’s Cassio Gusson contributed to the development of this story.