Bitso Expands Crypto Payments with Euro Ramps Across 39 Nations

Bitso Business, the payments infrastructure division of Mexico-based crypto platform Bitso, has announced the launch of Euro Ramps–a solution enabling companies to send and receive payments in euros via the Single Euro Payments Area (SEPA). The service will be available across 39 European countries.

This new payment corridor aims to streamline international transfers by leveraging digital asset technologies, including stablecoins. According to the European Central Bank, the eurozone processed 72.1 billion non-cash payment transactions worth €113.5 trillion in the first half of 2024.

With this launch, Bitso extends its regulated cross-border payments infrastructure beyond the United States, Mexico, Argentina, Brazil, and Colombia. Euro Ramps is designed to enhance transaction speed, lower operational costs, and increase transparency in cross-border payments.

“SEPA integration facilitates Latin American companies’ entry into the European market and supports European firms expanding into Latin America,” said Gabriele Zuliani, Executive Director, Bitso Business. “It enables efficient and compliant money transfers between regions.”

Euro Ramps is accessible via an Application Programming Interface (API), enabling businesses to integrate the service seamlessly into their financial management systems. The API allows companies to process euro payments within SEPA without needing separate banking relationships or third-party platforms, reducing manual errors and improving efficiency.

Bitso Business continues to expand its cross-border capabilities, incorporating local payment rails such as Brazil’s PIX and Mexico’s SPEI. With the addition of SEPA payments, the company further broadens its global reach.

In addition to Euro Ramps, Bitso recently launched Juno, an independent startup dedicated to developing fiat-backed stablecoins. Juno’s first product, MXNB, is a stablecoin pegged to the Mexican peso. It can be issued, managed, and redeemed through Juno’s platform, supporting secure and efficient financial operations.

Juno also facilitates the exchange of other stablecoins, particularly US dollar-backed ones, for MXNB. The platform integrates cryptocurrency and peso transactions using Mexico’s SPEI infrastructure.