According to Foresight News, Ramp Network, a startup connecting cryptocurrency and traditional financial payment infrastructure, has added Brazil's Central Bank Pix system as a payment method. This integration will enable Ramp to provide a fast and convenient way for Brazilian users to purchase cryptocurrencies.
Pix is a payment method launched by the Brazilian Central Bank (BCB) in 2021, allowing individuals, businesses, and government entities to send payments within seconds. Ramp states that over 70% of Brazilians use this system. Ramp raised $70 million in a Series B funding round at the end of last year.