Argentinian exchange lemonapp_ar started operations in Brazil this week as crypto trading volumes in South America’s largest economy continue to climb. andresengler reports for CoinDeskBrasil
and almost tripled the total traded in 2020, while bitcoin trading reached $10.8 billion during the same period.
Lemon Cash plans to launch a crypto card in 2022 in partnership with Visa, the same as in Argentina, Martel Seward said, without disclosing an exact date for the launch. “We see an opportunity to launch a platform for the masses, something you can use without the need to be an expert,” Martel Seward said, adding that the proposal will be focused on young consumers.Read more:Local crypto exchange Mercado Bitcoin leads the Brazilian crypto market, reaching 3.2 million users in 2021. Bitso, a Latin American crypto unicorn operating in Mexico, Argentina and Colombia,, the company told CoinDesk in January.
Lemon Cash plans to hire 60 employees in Brazil by the end of 2022, said Martel Seward, adding that it currently has 220 employees overall.According to Martel Seward, the company does not prioritize raising new financing in the short term.
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