Settle Network integrates RIF Token in Latamex
May 19th, 2020Settle announced RIF’s integration with Latamex, the incoming and outgoing fiat to crypto payment platform Thanks to this remarkable partnership, RIF Token will be available to all users in Argentina, Brazil and Mexico through Latamex.
RIF (RSK Infrastructure Framework) integrates with Latamex displaying a simple and customizable user interface to guide the user through the KYC and payment steps. After the user completes the payment flow and the payment clears, digital assets are sent to the user's wallet or fiat funds are sent to the user's bank account. This process is quick and easy for users, as no further processing is required.
“The integration with Latamex from Settle Network is a key milestone in providing alternative and more efficient financial solutions”, stated Diego Gutierrez Zaldivar, RSK’s co-founder. “By enabling compliant interoperability between local currencies and digital assets and providing the technology, infrastructure and user friendly experience Settle is setting up the basis in which crypto finance solutions could flourish”.
"We provide the financial infrastructure in a reliable, efficient and frictionless way to trade digital assets with domestic fiat money. This will provide users with easy access to the RIF Token through our Latamex product," added Jack Saracco, Head of Partnerships and Business Development of Settle Network. "We are very pleased about this integration n RSK and we are looking forward to great potential as a result."
Latamex provides local regulatory compliance processes in all countries, adjusting the infrastructure to be able to work within the framework of domestic laws and regulations, providing an efficient user experience. It offers customer identification processes, transaction monitoring and the necessary capabilities for fiat to crypto operations.
About RSK
RSK blockchain is the most secure smart contract platform in the world, secured by Bitcoin's unparalleled hash power via merge-mining that adds value and functionality to the bitcoin ecosystem by enabling smart-contracts, near instant payments, and higher-scalability.
The network scales to up to 100 transactions per second without sacrificing decentralization, and reduces storage and bandwidth using probabilistic verification, fraud detection, and more.
RSK Infrastructure Framework (RIF) is is a suite of open and decentralized infrastructure protocols that enable faster, easier and scalable development of distributed applications (dApps) within a unified environment to enable mass adoption of Bitcoin and RSK. For more information visit https://www.rsk.co/
About Settle Network
Settle Network is the largest digital assets settlement network across LATAM for exchange and cross-border payments. Settle Network provides programmatic interoperability between traditional and digital assets, by leveraging financial infrastructure in every country they operate. Covering the most relevant markets, including the largest banks and thousands of retail locations. This enables unlimited and compliant interoperability between digital assets and the most important local currencies. For more information, visit: https://settlenetwork.com
PR Contact:
For Settle Network: media@settlenetwork.com
