Hong Kong-based Crypto.com announced on Wednesday the launch of zero-fee Brazilian Real (BRL) bank transfers and BRL as a payment currency in the Crypto.com App. The platform also added Brazilian Portuguese to its language list.
Crypto.com reported that the integration marks the first “major step” in bringing its crypto products and services to Latin American users.
“These users can now deposit Brazilian Reais into their Fiat Wallet using TED, DOC, or PIX transfers, and use their funds to buy over 100 top coins at true cost. Crypto.com does not charge any fees for BRL bank transfers, but banking institutions may apply a processing fee.”
Speaking about the addition of BRL, Filomena Ruffa, General Manager of Latin America for Crypto.com, stated:
“The addition of BRL bank transfers in our fiat wallet and support for Brazilian Portuguese brings us closer to the Brazilian community by enabling them to use their local currency and language.”
Crypto.com further revealed following the release of 13 new languages last year, it is now accessible to over 200 million Brazilian Portuguese speakers, the largest online population in Latin America.
Founded in 2016, Crypto.com serves over 10 million customers today with its crypto app, along with the Crypto.com Visa Card, the Crypto.com Exchange, and Crypto.com DeFi Wallet.
“Crypto.com is built on a solid foundation of security, privacy and compliance and is the first cryptocurrency company in the world to have ISO/IEC 27701:2019, CCSS Level 3, ISO27001:2013 and PCI:DSS 3.2.1, Level 1 compliance, and independently assessed at Tier 4, the highest level for both NIST Cybersecurity and Privacy Frameworks.”