Changelly, one of the top instant crypto exchanges has partnered with Settle Network to enhance user experience relating to transaction processing from fiat to crypto. Settle Network is one of the fastest growing FinTech companies who has already worked with some of the largest exchanges like Binance and OKEx.
Changelly And Settle Network Partnership
Changelly, a non-custodial instant crypto exchange has recently announced a partnership with Settle Network. By leveraging Settle Network, Changelly will now be affiliated with the largest digital asset settlement network in Latin America. Settle focuses on interoperability between local fiat currencies and digital assets, so users have the ability to experience seamless exchanges and cross-border payments. By partnering with Settle Network, Changelly will venture into Latin America, and make it easier for users to buy and sell digital assets. Changelly expects a smooth transition into Latin American markets, especially since Settle Network covers some of the largest banks in the region, and has focused on Latin American compliance.
What Leadership Said
Leadership from both companies commented on the announcement.
Pablo Orlando, Founder & CEO of Settle Network stated that:
“We are happy to open the doors for Changelly in Latin America and give LatAm users access to buy and sell cryptocurrencies via a user-friendly platform such as Changelly.”
Eric Benz, CEO of Changelly also stated that:
“Latamex and Settle Network have created an incredible technology, which is already having significant impact in LatAm and other global markets to come. I am excited to provide better access to our partner network and customers by launching Latamex on the Changelly platform.”
Settle Network Working With Other Exchanges
Some of the largest exchanges in the world continue to leverage Settle Network’s financial infrastructure in Latin America. Back in December 2019, it was announced that Binance partnered with Settle Network to launch a Latin American fiat gateway. Under the new platform Latamex, it gave Latin Americans the ability to onboard crypto through direct fiat purchases on the Binance platform. In addition, one of the leading spot and derivatives exchanges, OKEx announced a partnership with Settle Network in January of this year. Similar to Binance, OKEx ended up launching a Latin American fiat gateway with Settle Network. Through Latamex, the users of OKEx could now purchase Bitcoin and Ethereum on the exchange with Mexican peso, Brazilian real, and Argentina pesos.
More On Changelly
Changelly services 1M+ users a month who leverage the non-custodial crypto exchange to access 150+ digital assets. Changelly acts as an intermediary between exchanges, giving users the ability to buy, sell, and exchange cryptocurrencies. The company has been in existence since 2015, and is known for their fast transactions and high limits.
More On Settle Network
Settle Network operates as the largest settlement network across Latin America for digital assets. The fintech company capitalizes on liquidity of digital assets and local currencies to fuel efficient cross border payments. Settle Network offers a variety of different products such as xRamp, xRelay, xPayments, and xPanel. Through its diverse product offering, the company continues to work with some of the largest companies like Binance, OKEx, Stellar, Latamex, and others.
Image Source: Changelly Blog