19th Mar 2025 14:26
Blue Star Capital PLC - Crawley, England-based investing company focused on esports and blockchain - Positively notes an announcement by its investee SatoshiPay Ltd. On Tuesday, SatoshiPay's Vortex launched in Brazil. Vortex is a decentralised exchange platform incubated by SatoshiPay, aimed at improving global payments by bridging stablecoins with local fiat currencies.
Blue Star says: "This launch will help facilitate immediate conversions of USD Coin [USDC] and USDT [Tether], US stablecoins, into Brazilian real [BRL], via PIX, Brazil's instant payment system created and managed by the Central Bank of Brazil. This will allow Vortex to integrate directly with Brazil's financing infrastructure, and facilitate the real time transfer of crypto based stable coins into BRL."
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By Tom Budszus, Alliance News slot editor
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