The partnership between decentralized money transfer protocol Kima and Colombian crypto wallet and marketplace MonaBit is set to revolutionize the crypto landscape in Latin America. With the region facing persistent financial volatility, the collaboration aims to provide users with more diverse crypto options and seamless transitions between fiat and digital currencies.
Kima’s CEO and Co-Founder, Eitan Katz, highlights Latin America’s growing importance in the global crypto scene, with countries like Brazil, Argentina, Colombia, and Ecuador ranking in the top 20 for crypto adoption. The integration of Kima’s protocol into MonaBit’s ecosystem will allow users to interact with their preferred dApps while enjoying the benefits of decentralized finance in the background.
MonaBit’s CTO, Juan David Urrea, praises Kima’s interoperability solutions as the driving force behind their decision to partner. By leveraging Kima’s peer-to-peer payment and transfer protocol alongside MonaBit’s credit card infrastructure, users can now easily convert their crypto holdings into fiat at any establishment accepting Mastercard payments.
The collaboration between Kima and MonaBit not only facilitates crypto-fiat compatibility but also provides practical, real-world applications for crypto users in Latin America. This partnership sets the stage for Kima’s mainnet launch in Q2 of 2024, signaling a new era of financial inclusivity, efficiency, and transparency in the region.
With a team comprised of experts from leading finance and technology sectors, Kima is on a mission to mobilize $280 trillion in real-world assets, paving the way for a more interconnected and resilient global financial ecosystem. Stay tuned for more updates on Kima’s groundbreaking initiatives in the crypto space.
