Littio and Opentrade have teamed up to debut USD accounts on AVAX.
Customers in Latin America will now have secure banking options, said Littio.
Avalanche will help Littio and Opentrade scale operations easily.
Littio, a leading Colombian neobank, has teamed up with Opentrade to address currency devaluation challenges in Latin America. This partnership aims to provide Littio customers with access to a more stable financial system.
Littio plans to utilize Opentrade’s real-world asset (RWA) vaults to offer USD accounts on the Avalanche (AVAX) blockchain, a platform known for its scalability and transparency. This initiative will provide financial services to individuals in Latin America who lack traditional bank accounts.
It is important to note that Opentrade’s infrastructure is built on the Avalanche blockchain, which Littio believes will enable efficient scaling and meet the growing demand for digital asset services in the region.
Morgan Krupetsky, head of institutions and capital markets at Ava Labs, the company behind Avalanche, stated that the blockchain can “enable underbanked populations to access compelling products and services” not available th…
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