lithium, a Colombian technology startup that offers financial solutions in digital dollars and euros (USDC and EUROC), has arrived in Argentina marking the beginning of its expansion process throughout Latin America.
The company aims to offer an easy-to-use digital financial ecosystem in dollars that benefits the Argentine population.
Argentina has long faced economic volatility and the devaluation of its local currency, leaving its citizens financially vulnerable and disconnected from the global community.
Given this scenario, Littio has set out to close that gap by providing a free application that allows users to open a global account in digital dollars and euros, ensuring the preservation of their capital.
Leveraging digital assets, the platform allows users to enter a global financial ecosystem based on stablecoins, with top-ups, starting as low as $1 USDC that can be made easily through various payment methodsfacilitating the conversion of Argentine pesos into digital dollars or euros at competitive rates.
In addition, users can apply for the Littio card, developed in collaboration with Mastercard, which makes it easy to spend using digital assets and enables cash withdrawals at ATMs around the world.
“By expanding into Argentina, we began to materialize our commitment to transform the financial landscape of Latin America. Backed by a solid investment of more than $4 million dollars from prominent personalities such as Adam Neumann, founder of WeWork, Justin Mateen, one of the co -founders of Tinder, Circle, the official issuer of USDC, and YCombinator, recognized as a benchmark in Silicon Valley, we are in a strong position to develop teams, optimize our operations and develop the infrastructure and technology necessary for our growth, “he says Christian Knudsen, president and co-founder of Littio.
Building on its success in Colombia, where they positively impacted the lives of more than 200,000 people in one year, the company expects to reach 10,000 people in the first two weeks of its launch in Argentina.
The information and/or opinions expressed in this article do not necessarily represent the views or editorial line of Cointelegraph. The information presented here should not be taken as financial advice or investment recommendation. All investment and commercial movement involve risks and it is the responsibility of each person to do their due research before making an investment decision.
Keep reading:
Investments in crypto assets are not regulated. They may not be suitable for retail investors and the entire amount invested may be lost. The services or products offered are not directed or accessible to investors in Spain.
