Sao Paulo, brazil
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Brazil-based bitcoin startup Rippex has announced the former founders of digital payments gateway PagSeguro have joined its team.

Founded in 2007, the Brazilian payments solution provider is one of the more prominent online payments startups in the region, receiving coverage in international outlets such as NFC World and The Paypers. The startup is now owned by web content provider UOL.

Rippex co-founder Rafael Olaio indicated that Ricardo Dortas Schonhofen and Paulo Lavinas Barbosa will join the company through a partnership with business development firm CloudPar, though they will be working in a full-time capacity.

He told CoinDesk:

"For some time we have been designing models for financial institutions and thinking of how we could use this technology to improve payments. We thought they could be helpful for their practical knowledge in digital payments in scaling the company, because PagSeguro grew from one to 900 employees."

Rippex, which runs one of two Brazil-based gateways for the Ripple payment network, suggested it is now increasingly focused on appealing to enterprise financial institutions with solutions for asset trading and international payments.

Brazil city image via Shutterstock

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