Huobi Partners with AstroPay to Provide Fiat-to-Crypto Payment Services in Latin America

Huobi Global has partnered with AstroPay to provide fiat-to-crypto payment services for cryptocurrency exchange users in Latin America.

The partnership with AstroPay will help in facilitating a secure payment platform to enable traders on Huobi Global for frictionless buying and selling of crypto assets using fiat currency.

“Latin America lays claim to a young and vibrant population brimming with enthusiasm for the crypto industry, and we have observed a significant increase in the number of new Huobi Global users from this region,” said Lily Zhang, Chief Financial Officer of Huobi Global. 

The cryptocurrency exchange has users in 160 different countries and regions. Huobi Global’s partnership with AstroPay will see the exchange provide users in Latin America with fiat to crypto payment options through AstroPay digital wallet. 

The cryptocurrency exchange users will have access to trade cryptos through a variety of payment methods, including credit and debit cards, bank transfers and local alternative options, such as Pix in Brazil and SPEI in Mexico.

"Our collaboration with AstroPay underscores our goal to make the purchase and trading of digital assets a secure, convenient and enjoyable experience for everyone," Lily Zhang said.

AstroPay provides an easy payment solution for online purchases on international e-commerce sites. According to the company, users can make payments easily using more than 200 payment methods in their local currency.

Huobi, last week, unveiled its plans to delist privacy tokens, counting Monero (XMR), Dash (DSH), Decred (DCR), Firo (FIRO), Verge (XVG), Zcash (ZEC) and Horizen (ZEN).

According to Blockchain.News, the delisting of these privacy coins can be attributed to mounting regulatory pressures and the failure of the coins to comply with their internal compliance policies.

While, also last week, Huobi announced that it will be one of the first digital assets trading platforms to be given permission to run regulated trading services in the British Virgin Islands (BVI). 

Brtuomi Worldwide Limited (BWL), a subsidiary of the firm, will be used for this trading operation. BWL got permission from the BVI Financial Service Commission (FSC) to work within the BVI regulatory Sandbox earlier this year.