TruBit Pro: Empowering Retail Wallet Holders
TruBit, part of Galactic Holdings, is the most comprehensive cryptocurrency ecosystem in Latin America. TruBit Pro, a cryptocurrency exchange platform, goes beyond spot trading and derivatives to empower retail wallet holders. The platform allows for the effortless purchase and sale of cryptocurrencies using conventional bank transfers. It also facilitates local and international transfers, seamless payments, and offers a prepaid card for direct cryptocurrency expenditures. Since its inception three years ago in Latin America, Galactic Holdings has established fiat-to-crypto onramps and offramps in Mexico, Argentina, and Brazil.
Series A Funding Round Success
Galactic Holdings recently closed a successful Series A funding round, securing $6.25 million through this endeavor. The funding will be used to expand TruBit’s presence across Latin America, with a primary focus on the Argentinian market. Maggie Wu, founder of Galactic Holdings, expressed gratitude for the support from investors and outlined plans for expansion.
Team Expansion and Plans for Growth
The successful funding round also marks a significant team expansion for Galactic Holdings. Plans are in place to double the global workforce by 2024 to bolster the company’s capacity for expansion initiatives.
TruBit Prepaid Cards Expansion
With the infusion of capital from the Series A funding round, TruBit is gearing up to replicate its successful prepaid card offering in Argentina. This expansion aligns with expectations of substantial market growth due to market volatility and surging demand for cryptocurrencies in the region.
Fully Compliant Cryptocurrency Platform
Galactic Holdings has been committed to close collaboration with Latin American authorities since 2020, ensuring user safety and reliability. They have integrated with financial authorities in Mexico, connected with Brazil’s PIX payment system, and enabled transactions using Argentina’s Unique Virtual Code (CVU).
A New Chapter for TruBit
The recent funding round solidifies Galactic Holdings’ commitment to fortify its presence in the Latin American market. With support from investors and partners, the company is poised to shape the future of finance and usher in new possibilities in the cryptocurrency landscape.
Hot Take: TruBit’s Vision for Latin America’s Crypto Landscape
TruBit’s success reflects its commitment to making cryptocurrency services accessible across Latin America while positioning itself as a significant player in the evolving crypto landscape.
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