SatoshiPay Update
SatoshiPay investee company Vortex launched decentralised exchange platform in Brazil converting stablecoins to local currency.
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Blue Star Capital plc (AIM: BLU), the investing company with a focus on blockchain, esports and payments, is pleased to note the announcement by SatoshiPay Ltd ("SatoshiPay"), its investee company, that on 18 March 2025, Vortex, a project incubated by SatoshiPay, launched in Brazil.
Vortex is a decentralised exchange platform incubated by SatoshiPay, designed to enhance global payments by bridging stablecoins with local fiat currencies. This launch will help facilitate immediate conversions of USD Coin (USDC) and USDT (Tether), US stablecoins, into Brazilian real (BRL), via PIX, Brazil's instant payment system created and managed by the Central Bank of Brazil.
This will allow Vortex to integrate directly with Brazil's financing infrastructure, and facilitate the real time transfer of crypto based stable coins into BRL
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.