Digital currencies are cutting across borders. Here's how regulators can catch up
Central bank digital currency and stablecoins could streamline global payments – but only if the technology's supervisory bodies are fit for purpose
Ripio is a financial payments company that provides electronic payment solutions for businesses in Latin America. Ripio uses blockchain technology to build infrastructure for the local crypto ecosystem with the objective of extending access to the digital economy in emerging markets. The Buenos Aires-based company built the Ripio Credit Network to match individual lenders and borrowers worldwide through ethereum smart contracts. With over 200,000 users and 3,000 lenders, the company has achieved over 100% year-on-year growth over the last two years and revenues of $1 million per month; the company's current valuation is estimated at $400-500 million.