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On November 30, the cryptocurrency company Blockchain.com announced the acquisition of Sesocio, an investment platform in Argentina. According to the company, the acquisition will allow the company’s global workforce to have 400 Blockchain.com employees worldwide.
After the acquisition of the crypto investment platform Sesocio, the number of global employees of Blockchain.com increased to 400
At the end of March, Blockchain network Raising 300 million U.S. dollars, the company’s valuation soared to 5.2 billion U.S. dollars. In August, CFO Macrina Kgil of Blockchain.com discuss How the company exceeded $1 trillion in cryptocurrency transactions. Kgil further revealed that the company may be listed within 18 months and also disclosed that Blockchain.com holds Bitcoin with Ethereum On its balance sheet. This crypto company was founded in 2011 by Benjamin Reeves, Nicolas Cary and Peter Smith. detailed On Tuesday, the company acquired a Latin American cryptocurrency investment platform Sesosio.
Blockchain.com explained that it has achieved success in countries such as Brazil, Chile, Colombia, Mexico, and Argentina. Similar to the recent Coinbase announcementExplaining in detail that the acquisition of Unbound Security will result in a presence in Israel, Blockchain.com pointed out that it will have a “physical presence” in Latin American countries, “through the opening of offices and local recruitment.” The Luxembourg-based company’s announcement stated that the team’s focus will be to make it easier and easier for people without bank accounts to obtain cryptocurrency solutions.
“Latin America is one of the biggest growth opportunities in the crypto space in the next decade,” Blockchain.com CEO Peter Smith said in a statement. “Millions of people have seen the worst inflation, new currencies have emerged out of thin air, and have experienced political instability-creating a favorable environment for crypto. Through the Sesocio team, our goal is to provide every Latin American Access to global encryption platforms,” ??Smith added.
The Blockchain.com acquisition came after the company reached a deal with Bitcoin mining company Grid Infrastructure.grid Tell the media On November 23, it received a credit line of US$525 million from Blockchain.com. In addition, Blockchain.com this year also acquired consumer startup Storm Inc., investment company Magic Carpet and artificial intelligence (AI) company Aix.
“We are very proud of what we have been able to build in the Latin American market and the business growth we have seen so far,” said Guido Quaranta, co-founder and CEO of Sesoio. “I believe Sesocio will thrive in the next chapter of our journey. Together with Blockchain.com, we will usher in a new era of increased accessibility of cryptocurrencies in Latin America and beyond.”
What do you think about Blockchain.com’s acquisition of Sesoio, a Latin American cryptocurrency company? Please tell us your thoughts on this topic in the comments section below.
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