Lirium provides access to digital assets for Mexican fintech; Expanding footprint in Latin America

VADUZ, Liechtenstein, 23 August 2022 /PRNewswire/ — Lirium, a leading licensed provider of B2B2C digital asset access solutions, will begin operating digital currency access and settlement services for Mexican digital wallet Albit, reaching more than 2 million customers. Lirium already cooperates with financial service companies in Argentina, Brazil, Peru, Colombia, Chile, Paraguay and Uruguay.

Lirium’s white label solution will give Albit’s account holders quick and easy access to a range of cryptocurrencies. Albit is Lirium’s first client in Mexicoa country with significant potential to adopt alternative payment methods and alternative digital asset investments.

Lirium first launched its turnkey access solution for digital assets aimed at traditional financial institutions and fintechs in Argentina one year ago. Their customers in Argentina includes Grupo Financiero Galicia, Brubank and Prex.

Federico MurroneLirium Founder and CEO, commented, “We are very excited to partner with Albit to provide their customers with easy and convenient access to our crypto-as-a-service regulated and compliant platform. Latin America is ready for mainstream cryptocurrency adoption, and Lirium offers simple, fast and secure channels to support the next wave of adoption by a wider demographic.”

With local settlement as a priority, Lirium has entered into agreements with partners in the region to offer a B2B solution for various cryptocurrency use cases. Additional countries can be quickly added for local currency settlement as Lirium has already developed the technology and regulatory rails needed for rapid rollout of new markets, while settlement in US Dollar, EUR and GBP is available immediately after API integration with the client. The company provides bank-level monitoring of digital asset transactions, including license controls, rigorous risk management and security; with fund protection, data protection and fraud prevention as priorities. Lirium’s back-end plug-and-play, fully customizable API allows customers to retain full control of the end customer experience without adding additional regulatory or operational complexities. Lirium extends its full licensing capabilities to customers, providing fully operational regulatory, compliance, treasury, liquidity, custody and insurance coverage.

Lirium AG owns three international licenses: exchange services, qualified custodian and pricing services, which enable to offer crypto-as-a-service regulated and compliant services globally. Lirium’s current focus and expertise is in cryptocurrencies i Latin America. However, it intends to further expand regionally and build the legal and technological rails for local delivery, transactions and settlement of current and future locally relevant digital asset ecosystem (DAE) products and services.

Founded in 2020 by former Xapo, Lemon Wallet and Patagon teams, Lirium’s founders and senior management have a proven track record of rapid crypto scaling, high volume operations and secure administration, having built one of the most relevant and well-respected bitcoin wallets in the world.

Latin America has significant smartphone and digital wallet penetration, as well as crypto awareness with significant latent demand. The region’s users understand the benefits of a dollar-pegged digital asset refuge from macroeconomic inflation and devaluation headwinds. At least one in three (36%¹ vs. 8% in September 2021) Latin Americans have bought crypto and nearly a fifth (19%)¹ do it regularly.

About Lirium
Lirium is a licensed digital asset technology and infrastructure company that leverages its founders’ proven rapid scaling crypto record to provide a full-coverage turnkey solution for local delivery, transaction and settlement of digital financial, tokenized and other DAE assets. The company has three Liechtenstein licenses including crypto buy/sell, custody and pricing so that it can be a market maker that can deliver the best pricing and liquidity to an existing financial institution customer base globally. Lirium’s first focus is Latin America, where it builds the regional infrastructure and local settlement rails for the local delivery, transaction and settlement of current and future locally relevant DAE products and services beyond the current geographic scope. Its affordable, rapidly scalable business model optimizes profits through a pricing structure that reduces risk associated with exposure to price fluctuations in cryptoassets. This allows traditional banks, digital wallets and native digital crypto players to quickly and securely offer their customers local, compliant and low-risk access to cryptocurrencies and locally relevant financial products while retaining full control over the end customer experience.

1. Source: Argentina, Brazil, Colombia, Mexico and Perusurvey N=520 and 90% confidence at country level, August 2022AMI, Americas Market Intelligence

To learn more, please visit www.lirium.com.

SOURCE Lirium AG