Vortex Launches in Brazil: Instant Stablecoin-to-BRL Transfers with PIX
São Paulo, March 18, 2024 — Vortex has launched a game-changing crypto off-ramp in Brazil, enabling instant USDC and USDT to BRL conversions via PIX, the country’s widely used real-time payment system.
For years, converting stablecoins into local currency has been slow, expensive, and reliant on offshore intermediaries. Vortex eliminates these inefficiencies, offering businesses, freelancers, and payment service providers (PSPs) a direct, low-cost, and near-instant crypto-to-fiat solution.
A Faster, Cheaper Way to Convert Crypto to BRL
Vortex integrates directly with Brazil’s financial infrastructure, ensuring that users can receive BRL in their bank accounts within seconds — without hidden fees or delays. Unlike traditional off-ramp options that rely on offshore banking channels, Vortex leverages on-chain foreign exchange (FX) at interbank rates, delivering transparent pricing and instant settlement.
Brazil is one of the world’s fastest-growing stablecoin markets, with increasing adoption among businesses and freelancers handling cross-border payments. By offering a seamless conversion experience, Vortex is set to redefine how crypto interacts with the real economy.
“Stablecoins are already a key part of Brazil’s financial landscape, yet converting them into BRL remains slow and costly. Vortex changes that. By providing a fast, direct, and transparent solution, we’re making digital assets more practical for everyday use, helping businesses and individuals integrate crypto seamlessly into their financial lives.”
– Alex Wilke, CEO of SatoshiPay, the company building Vortex
Now Available for Businesses & Individuals
Vortex is live and available for both retail and business users. Companies, crypto wallets, and PSPs looking to integrate stablecoin-to-BRL conversions can contact Vortex for API access.
For more information, visit vortexfinance.co or contact:
Florian Beba | press@satoshipay.io
About Vortex
Vortex is a product of SatoshiPay, a company with a long track record in blockchain-based payments and financial infrastructure. Founded in 2014, SatoshiPay has developed pioneering solutions in cross-border payments, decentralized finance, and stablecoin-based transactions. With a focus on bridging traditional finance and blockchain technology, SatoshiPay continues to drive innovation in the global payments industry.
Vortex uses an oracle-guided decentralized exchange (powered by nabla.fi) that is deployed on Pendulumchain.org, a public decentralized stablecoin infrastructure governed by the $PEN token and secured by Polkadot.
For more information, contact:
Florian Beba | press@satoshipay.io
