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Blockchain.com Acquires Latin American Crypto Funding Platform Sesocio – Finance Bitcoin Information

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On November 30th, crypto firm Blockchain.com announced that it had acquired Argentina-based investment platform Sesocio. According to the company, the acquisition of the company’s worldwide workforce will bring a total of 400 employees to Blockchain.com worldwide.

Blockchain.com’s global workforce grows to 400 following the acquisition of the Sesocio crypto investment platform

In late March, Blockchain.com raised $ 300 million and the company’s revaluation rose to $ 5.2 billion. In August, Macrina Kgil, CFO of Blockchain.com discussed how the company exceeded $ 1 trillion in cryptocurrency transactions. Kgil also announced that the company could go public in 18 months, while also announcing that Blockchain.com has BTC and ETH on its balance sheet. Founded in 2011 by Benjamin Reeves, Nicolas Cary and Peter Smith, the crypto company announced on Tuesday that the company had acquired the Latin American crypto investment platform Sesocio.

Blockchain.com stated that it has already made its mark in countries like Brazil, Chile, Colombia, Mexico and Argentina. Much like Coinbase’s recent announcement, detailing the Unbound Security acquisition would result in a presence in Israel, Blockchain.com notes that there will be a “physical presence” in Latin American countries, “through the opening of offices and the setting on site ”. The announcement from the Luxembourg-based company indicated that the team’s focus will be on making cryptocurrency solutions easier and more accessible for those without a bank account.

“Latin America offers one of the greatest growth opportunities for cryptocurrencies in the next decade,” said Peter Smith, CEO of Blockchain.com, in a statement. “Millions have already seen the worst inflation, new currencies appeared out of nowhere and experienced political instability – creating a favorable environment for crypto. With the Sesocio team, we want to give every Latin American access to a global crypto platform, ”added Smith.

The acquisition of Blockchain.com follows the company’s deal with Bitcoin mining company Griid Infrastructure. Griid told the press on November 23 that it had secured a $ 525 million credit facility from Blockchain.com. Blockchain.com also acquired consumer startup Storm Inc., investment firm Magic Carpet, and artificial intelligence (AI) company Aix earlier this year.

“We are very proud of what we have built in the Latin American market and the growth we have seen as a company so far,” said Guido Quaranta, Co-Founder and CEO of Sesocio. “I am confident that Sesocio will be successful in this next chapter of our journey. Together with Blockchain.com we will usher in a new age of improved crypto accessibility in Latin America and beyond. “

Tags in this story

400 employees, AI company, Aix, Argentina, Argentina Crypto, Artificial Intelligence, Benjamin Reeves, Blockchain.com, Guido Quaranta, employee, Latin America, Latin America, Latin American presence, Luxembourg company, Macrina Kgil, Magic Carpet, Nicolas Cary, Peter Smith , Sesocio, Storm Inc.

What do you think of Blockchain.com’s acquisition of Latin American crypto company Sesocio? Let us know what you think on this matter in the comments below.

Photo credit: Shutterstock, Pixabay, Wiki Commons

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