A new house of changes of cryptocurrencies opened operations in Brazil with the help of a trio of Brazilian entrepreneurs, recognized for their participation in projects such as Easy Taxi and Easy Carros in the South American country. According to its founders, the company was born with the goal of serving the Latin American digital financial assets market, which has had to turn to international service providers.
The cryptocurrency exchange house, which initiated its activity two weeks ago, is part of the group of digital financial services Mosaic Digital Assets and is called Modiax (Digital Mosaic Assets Exchage). As reported in Portal do Bitcoin, the technological investment was 2 million Brazilian reais, equivalent to just over 520 thousand USD . Modiax will initially work with Bitcoin (BTC), and will soon incorporate other cryptocurrencies such as Ethereum (ETH) and Ripple (XRP).
The team of founders is integrated by Vinicius García, one of the creators of the Easy Taxi application , startup that emerged in 2011 and managed to expand in 10 countries in Asia, Latin America and Africa. The trio is completed by Cassiano Silvestre, who was Vice President of Morgan Stanley; and Ythalo Silva, former head of operations Easy Carros.
Silva who is currently the CEO and co-founder of Mosaico, explained that in Brazil there is a demand for "safe, scalable," exchange platforms that provide a good user experience ". In this regard, he said: