Home News Rappi, the No. 1 Latin America delivery app to accept crypto

Rappi, the No. 1 Latin America delivery app to accept crypto

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Rappi, Latin America’s most popular delivery service, has partnered with Bitso and Bitpay to accept Bitcoin (BTC) and other cryptocurrencies as payment options.

Latin America’s most popular delivery app is integrating with Bitso and Bitpay in a trial operation in Mexico, according to reports from Brazil. However, it’s unclear whether the experimental plan will give Brazilians and other Latin Americans access to the service.

The programme will not accept cryptocurrencies directly at this time, according to Sebastián Mejia, co-founder and president of Rappi. Rappi users in Mexico will be able to use cryptocurrency to pay for credits. After that, they can spend their credits on any of the app’s merchandise or services.

Rappi’s aspirations for cryptocurrency, though, are far more ambitious, according to the institution’s president. Other integrations, in the future, should also be made available. He remarked:

“In this first phase, we decided to construct a product that allows our customers to connect their digital wallets and exchange accounts in order to convert cryptocurrencies into Rappi credits and so have access to all of the platform’s offerings.”

Lieferando preceded Rappi in accepting BTC

It’s not the first time a big delivery service has accepted Bitcoin. In 2017, Lieferando, like Rappi, was one of the first companies to accept cryptocurrency as payment. Grubhub has partnered with Lolli, a Bitcoin rewards software, to enable customers to earn cryptocurrency for their orders.

Latin America has been a hive of Bitcoin and cryptocurrency adoption activity. According to a recent study, 75% of investors in growing Asian and Latin American countries want to increase their cryptocurrency holdings. El Salvador became the first country in the world to recognise Bitcoin as legal tender in September 2021.

BitMEX CEO predicts Bitcoin will be legal tender in five countries by 2022

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