Huobi Global strikes deal with AstroPay to extend fiat to crypto payments into Latin America


AstroPay, the online payment solution of choice for millions of users worldwide, has partnered with Huobi Global, one of the world’s leading cryptocurrency exchanges and digital asset trading platforms, to provide fiat to crypto payment services for Huobi users in Latin America.

Through the partnership, AstroPay will enable Huobi Global users to purchase their crypto assets with fiat money securely and benefit from local and international payment method options available in the AstroPay network.

Already one of the biggest payment providers in Latin America since its inception in Brazil in 2009, AstroPay is now available across the globe with millions of registered users and is rapidly developing in Asia, Africa and Europe. AstroPay is an easy payment solution for consumers who do not necessarily have access to traditional banking service and who want to purchase online on international sites. Users can pay easily with over 200 payment methods, in their local currency.

By partnering with AstroPay, Huobi Global will open the fiat to crypto payment option in Latin America through AstroPay digital wallet. Users in these countries will then be able to purchase and trade through a variety of payment methods including credit and debit cards, bank transfers and local alternative options, such as Pix in Brazil and SPEI in Mexico.

Lily Zhang, chief financial officer of Huobi Group, said: “Latin America lays claim to a young and vibrant population brimming with enthusiasm for the crypto industry, and we have observed a significant increase in the number of new Huobi Global users from this region. Our collaboration with AstroPay underscores our goal to make the purchase and trading of digital assets a secure, convenient and enjoyable experience for everyone.”

Sara Rita, chief commercial officer of AstroPay, said: “AstroPay is well known for providing payment services for companies looking to target the diverse Latin American market. Huobi Global users will be able to purchase and sell their crypto assets in local currencies, which ultimately leads to more trading, higher volume, and greater engagement within the sector.”