An Argentine unicorn announced from the metaverse its landing in the crypto world: it allows you to buy Bitcoin from $250

Barbieri's presentation in the metaverse
Barbieri’s presentation in the metaverse

Ualá, the Argentine fintech unicorn that has a market value of USD 2,500 million, announced the landing in the world of cryptocurrencies.

As of today, the company he founded Pierpaolo Barbieri and that has among its investors george soros, Goldman Sachs and the Chinese tech giant Tencentadds the possibility of buying and selling Bitcoin and Ether, the star cryptocurrencies, through its app.

The company, which has more than 4.5 million users in Argentina and operations in Mexico, announced its new services through an event held in the metaverse VR chat where Barbieri pointed out that as of today, selected Ualá users will already see the “Crypto” option within the application.

The fintech has more than 4.5 million users in Argentina and operations in Mexico
The fintech has more than 4.5 million users in Argentina and operations in Mexico

Although there are a few beta testers of the service, the qualification for the rest of the users will be done progressively while a waiting list was enabled so that those who wish to have priority access can register from the company’s site.

“We want to bring our users closer to this world in an easy, fast and safe way”, he summarized Andres Rodriguez LedermanVP of Wealth Management of Ualá before the event.

“We are an ecosystem of financial services and we always seek to generate value. We already have products for means of payment, credits, collections and investments. In this last point we seek to generate value with financial education and diversified products. That is why we think that crypto can contribute. Our users are already more experienced when it comes to investing and saving, and they know the risks that some instruments can have. That’s why crypto at that time and that’s why bitcoin and ether, which have the most exposure, the best known and the ones that best responded to the ups and downs. Likewise, in every investment there is always risk, ”he added.

The launch includes the possibility of buying and selling in pesos BTC, the first and most popular crypto, and ETH, from the Ethereum network, with a minimum investment of $250. From the company they assure that it is their first step in this industry. “It will always operate in Argentine pesos, both to enter or exit the platform. The goal at this time is hold, which serves as savings, not to transact and send and receive crypto. There is still a lot to improve in the ecosystem for these tractions”, explained Rodríguez Ledermann.

Pierpaolo Barbieri, CEO of Uala
Pierpaolo Barbieri, CEO of Uala

Ualá cited in the presentation the Cryptocurrency Adoption Index 2022 of Chainalysis, a company specialized in the analysis of blockchain. There it is detailed that Argentina is ranked 13th in the world ranking of crypto use. Within the framework of Latin America, it precedes Brazil (7th) and surpasses Colombia (15th) and Ecuador (18th). In the general table, Vietnam is the leader along with other Asian countries such as the Philippines and India, while the United States participates in position five.

Barbieri and bitcoins

In an interview he did in 2021 on InfobaeBarbieri assured that he had no savings in Bitcoin.

“I do think that bitcoin is growing to become a type of digital gold. One of the best investors of the last 100 years, Stanley Druckenmillersaid that what was gold for many generations today becomes bitcoin for millennials and centennials. When one has a reserve of value, it is given by what the rest of the people believe that this is a reserve of value, I think there is, thanks to the excellent marketing that the defenders of bitcoin and crypto assets have, “he said.

“There are many people in the world who want to save part of their savings in this way. Nobody is going to transact in bitcoin to pay for a coffee, but in an independent digital reserve of value that works like digital gold, to have some of your savings there”, closed the founder of Ualá.

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