Structure.fi, a mobile-first financial platform that offers investors access to both traditional and crypto markets, has officially launched in Argentina. This solidifies the company’s commitment to expanding access to financial services in Latin America.
The launch in Argentina follows Structure.fi’s genesis launch in El Salvador in August, which garnered support from high-ranking officials within the El Salvadoran government and has been embraced by El Salvadoran investors.
Gracias al Presidente @nayibbukele, El Salvador es ahora la sede global de la innovación financiera.
Además de ser referentes regionales en seguridad y crecimiento económico, estamos en el ojo de inversionistas del mundo implementando herramientas innovadoras y de vanguardia.🌎 https://t.co/nN5s1mo8yJ pic.twitter.com/9nIqitAxoq
— Cristian Flores (@CrisFloresSV) August 12, 2022
Latin America is well-positioned to become a global leader in blockchain adoption, as companies invest in the burgeoning market. Argentina has taken significant strides to educate its people on the power and promise of blockchain technology and cryptocurrencies . These efforts include grass-roots campaigns from non-governmental organisations, like Bitcoin Argentina, to educate Argentinian students on Bitcoin. In turn, it showcases the true value of a digital economy.
Argentina ranks second in the region and tenth globally in adoption of cryptocurrencies due to the volatile nature of local markets, significant government intervention in the economy, and distrust of the country’s traditional financial institutions.
Growing financial inclusion and crypto adoption
“What we are seeing in Argentina, is a rebuke of traditional financial institutions. This is combined with a tangible effort to pursue progressive, technologically driven economic solutions to lift people up,” said Bryan Hernandez, co-founder and president of Structure.fi. “Crypto, and platforms like Structure.fi, present an opportunity for people to participate in global financial markets without barriers.”
Speaking exclusively to The Fintech Times, Hernandez added: “It is our priority to promote financial inclusion. We want to bring underbanked populations into the global financial system by offering tools that allow access to financial services. The team at Structure.fi is thrilled to extend these services to the exciting and rapidly growing market in Argentina in a way that will expand the financial freedom of investors, creating new economic opportunities.”
Structure.fi’s platform gives investors of all experience levels a variety of services. This includes the ability to invest, earn interest, borrow, lend, and complete peer-to-peer transactions in traditional and digital financial assets. Structure.fi simplifies the friction-heavy crypto market by allowing users to execute trades in one place that in the past would have required a series of complex executions across multiple platforms.
On Structure.fi, traditional assets are tokenised so owners can access them on a blockchain. Each traditional asset token is backed one-to-one. This means that users in Latin America are able to purchase tokenised versions of blue chip stocks. These range from Tesla, to Apple, to Amazon and beyond, maintaining a value pegged to their traditional counterpart. Users in Argentina will see tremendously improved access to financial services, allowing them to experience the true power and promise of blockchain technology.
“Argentina presents a tremendous opportunity for the crypto industry to grow and live to its potential,” said Wes Cecil, chief strategy officer of Structure.fi. “Nearly 2.5 million people in the country already own crypto, and its use is currently thriving in places like the Patagonia Crypto Valley. It won’t be long until Argentines across the country see the power of companies, institutions, and solutions based on blockchain technology.”