Ripio

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Ripio
Company typePrivate
IndustryFinancial technology · Cryptocurrency exchange
Founded2013
FounderSebastián Serrano; Luciana Gruszeczka; Mugur Marculescu
Headquarters
Buenos Aires
,
Argentina
Key people
Sebastián Serrano (CEO)
Websitewww.ripio.com/en

Ripio is an Argentine financial technology company that provides infrastructure for cryptocurrency transactions and operates as a platform for blockchain-based financial services in Latin America and the United States.[1][2] The company, founded in 2013 as BitPagos, offers a consumer wallet and exchange, an OTC desk for high-volume trading, and "crypto-as-a-service" infrastructure for businesses.[3][4]

In 2025, it surpassed 24 million users.[5]

History

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Ripio began in 2013 under the name BitPagos.[6] In May 2019 the company announced a trading platform for Argentina, Brazil and Mexico, alongside an institutional OTC desk.[7]

In 2015, Ripio acquired Unisend.[8]In 2018, it began operating in Mexico.[9]

In January 2021, Ripio acquired Brazilian exchange BitcoinTrade, described at the time as the country's second-largest crypto exchange by volume.[10][11] Later that year the company closed a US$50 million Series B round to accelerate regional expansion.[12]

Ripio expanded into the United States in 2022 through its institutional business in Florida,[13] where its unit OTCIS LLC (Ripio US / Ripio Select) is listed as a money services business and holds a Florida money transmitter license.[14][15] In June 2023, Spain's central bank approved Ripio to operate as a virtual asset service provider in that country.[16][17]In November of that year, IOL Inversiones formed an alliance with Ripio to launch IOL Cripto. [18]

The company has launched card and stablecoin products. In August 2022 Ripio began rolling out a Visa-branded prepaid crypto card in Brazil.[19] In Argentina, the card launched in February 2023.[20] In August 2023 it introduced a U.S. dollar–pegged stablecoin (UXD) on the LaChain network.[21] In November 2025 Ripio announced wARS, a stablecoin linked to the Argentine peso, launched on Ethereum, Base and World Chain.[22]

Ripio has also supplied crypto infrastructure to third parties. It established partnerships with Mercado Libre and Mercado Pago to integrate cryptocurrency services in the e-commerce ecosystem in Chile, Brazil and Mexico.[23][24][25]

Operations

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As reported by international media at the time of its Spanish approval, Ripio operates in Argentina, Brazil, Chile, Colombia, Mexico, Uruguay, Spain and the United States.[26]

Products and services

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Ripio provides a consumer wallet and exchange; an OTC desk (Ripio Select) for institutions and high-net-worth clients; and white-label APIs and on/off-ramp services for companies.[27][28][29] The firm has issued payment cards in partnership with Visa.[30]

Partnerships and integrations

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In October 2020 Ripio and Circle announced a collaboration to support USDC adoption in Latin America.[31][32] In 2023 the company announced technical integrations with the Algorand and Polygon networks.[33][34]

Recognition

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In 2020, Ripio was named to the World Economic Forum 2020 "Technology Pioneers" cohort, a program that recognizes early-stage companies and social enterprises developing technologies with the potential to transform industries and improve lives. [35] [36]

Founders and leadership

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Public sources identify Sebastián Serrano, Luciana Gruszeczka and Mugur Marculescu as founders or key principals; Serrano serves as CEO.[37][38]

See also

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References

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