Kima Partners with MonaBit to Expand Crypto Options for Latin American Users
In a groundbreaking move towards financial inclusivity and innovation, decentralized money transfer protocol Kima has announced a partnership with MonaBit, a leading Colombian crypto wallet and marketplace. The collaboration aims to expand cryptocurrency options for users in Latin America, bridging the gap between traditional financial systems and the growing crypto ecosystem in the region.
With Latin America facing persistent financial volatility, including currency devaluations and soaring inflation rates, the partnership between Kima and MonaBit is seen as a beacon of innovation. By integrating Kima’s decentralized protocol into MonaBit’s ecosystem, users will have access to a wider range of cryptocurrency payment options, including the ability to seamlessly convert their crypto holdings into fiat through MonaBit’s proprietary Mastercard-powered credit card.
Eitan Katz, CEO and Co-Founder of Kima, emphasized the importance of the partnership in light of Latin America’s increasing adoption of crypto. He noted that countries like Brazil, Argentina, Colombia, and Ecuador are among the top 20 in terms of crypto adoption, making the region a key player in the global crypto landscape.
Juan David Urrea, CTO of MonaBit, praised Kima’s interoperability solutions as the driving force behind the partnership. He highlighted Kima’s protocol as essential for simplifying and enhancing the crypto user experience in Latin America, ultimately democratizing access to financial services in the region.
Looking ahead, Kima’s collaboration with MonaBit sets the stage for the protocol’s mainnet launch in Q2 of 2024. With a team comprised of experts from the finance and technology sectors, Kima aims to mobilize $280 trillion in real-world assets, paving the way for a more interconnected and resilient global financial ecosystem. The partnership between Kima and MonaBit not only expands crypto-fiat compatibility but also provides practical, real-world applications for crypto users across Latin America, marking a significant step towards financial inclusivity and innovation in the region.
