FinTech news in ping category

He led the building of the company on the rails of Latamex, Latin America’s largest fiat-to-crypto gateway that provides what he told journalist is a safe option for users to buy and sell crypto from exchanges like Binance. The company is now also working off of $15 million in seed funding from a group of investors, including Y Combinator, Race Capital, BlockTower, Danhua Capital, Signum Capital and Goat Capital. Ping users create a free account in U.S. dollars to receive bank transfers in either their local currency or crypto, including Bitcoin, Ethereum and Litecoin. The company was started in 2021 to solve payment challenges in Latin America, where about 70% of the population does not have a traditional bank account.