Brazilian fintech Dock will use crypto for international remittances


FILE PHOTO Representations of cryptocurrencies Bitcoin Ethereum DogeCoin Ripple Litecoin are placed on PC motherboard in this illustration taken June 29 2021. REUTERSDado RuvicFile Photo

FILE PHOTO: Representations of cryptocurrencies Bitcoin, Ethereum, DogeCoin, Ripple, Litecoin are placed on PC motherboard in this illustration taken, June 29, 2021. REUTERS/Dado Ruvic/File Photo

SAO PAULO (Reuters) - Brazilian financial services provider Dock said on Friday it will start using cryptocurrencies to process international remittances as it expands to Latin America and Europe.

Brazilian reais will be converted into bitcoin then into another currency, such as the dollar, and will reach end users through Dock customers such as Vivo and Natura&CO.

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