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Brazilian Ride-Hailing Giant 99 to Enable Bitcoin Trading

Amy Liu

Summary: 99Pay, the digital wallet of Brazilian ride-hailing company 99, will enable the purchase and sale of bitcoin on its platform, the company announced on Tuesday. Users of 99Pay will be able to execute commission-free transactions with a minimum purchase amount of 10 Brazilian reais and a maximum of 10,000 reais starting Nov. 3. 99Pay said ...

99Pay, the digital wallet of Brazilian ride-hailing company 99, will enable the purchase and sale of bitcoin on its platform, the company announced on Tuesday. Users of 99Pay will be able to execute commission-free transactions with a minimum purchase amount of 10 Brazilian reais and a maximum of 10,000 reais starting Nov. 3.

99Pay said that the platform will deliver bitcoin cashback promotions as well.The initiative comes amid rapidly increasing interest in cryptocurrency among Brazilians and demand for crypto services. 

Brazil’s 99 is a ride-hailing, food delivery and financial services company founded in 2012. It was acquired by DiDi Chuxing, the Chinese equivalent of Uber, in a $1 billion transaction in 2018. The 99Pay platform has 20 million active users, according to the company.

By Amy Liu

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