Blockchain.com acquired the Latin American crypto investment platform a place to buy, sell and store cryptocurrency Sesocio . According to the information it would become the largest crypto company in the region. It will have physical offices in 5 countries.
The companyBlockchain.com announced this week that it has acquired the Argentina-based investment platform Sesocio.
According to information in a press release, this has been their largest acquisition to date and with itBlockchain.com wants to continue to grow in Latin America, with a team committed to crypto adoption in the region.
Although it is already one of the key crypto companies in Argentina, Brazil, Chile, Colombia and Mexico,Blockchain.com will now have a physical presence in those countries, by opening offices and local recruitment.
“Latin America presents one of the biggest growth opportunities in crypto over the next decade.” dijo Peter Smith, CEO deBlockchain.com. “Millions have already seen inflation a general increase in prices and fall in the purchasing value of money. at its worst, new currencies emerge out of nowhere and there is political instability, creating a favorable environment for cryptocurrencies. With the SeSocio team, our goal is to give all Latin Americans access to a global cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. platform.”
With more than 200 million unbanked unbanked refers to those that are either unable to access banking services, or choose not to. people in Latin America, the company sees cryptocurrencies as an alternative to financial services.
“We are very proud of what we have been able to build in the Latin American market an area or arena, online or offline, in which commercial dealings are conducted. and the growth we have seen as a business so far.”said Guido Quaranta, co-founder and chief executive officer ofSeSocio. “Estoy seguro de que SeSocio prosperará en este próximo capítulo de nuestro viaje. Junto con Blockchain.com, seremos pioneros en una nueva era de mayor accesibilidad criptográfica en América Latina y más allá”.
noneBlockchain.com as it continues strategic global growth, following earlier acquisitions this year, including artificial intelligence firmAiX, the machine learning investment firmMagic Carpet and consumer startupStorm Inc. Blockchain.com offers 37 million verified users across more than 200 countries the opportunity to monitor, buy, sell, trade and store cryptocurrencies.
Likewise, the global staff of Blockchain.com grows to 400 employees after acquiring crypto investment platform Sesocio.
End of March,Blockchain.com raised USD $300 million and the company’s subsequent valuation increased to USD $5.2 billion. In August, the chief financial officer ofBlockchain.com, Macrina Kgil, discussed how the company has surpassed $1 billion in cryptocurrency transactions. Kgil further revealed that the company could go public within 18 months and revealed thatBlockchain.com hadBTC yETH on your balance sheet.
Also, in August of this yearBlockchain.com confirmed his plans to go public in 2023 .