Ripio
Ripio
Data verified on unchanged since the sources
Worth it if you operate in Latin America and want a long-standing exchange (since 2013) with 10M+ users, behind Mercado Libre's stablecoins.
Avoid it if you are in Italy (not available) or waiting for the card: it is in test in Brazil only, and the company is pivoting to B2B.
Operating since 2013, Ripio has over 10 million users and supplies local stablecoins to Mercado Libre. The company is pivoting toward B2B, with its Brazilian card still in testing, and remains exposed to LATAM currencies.
Data & conditions
| Account fee | Free |
|---|---|
| IBAN | condiviso |
| Multi-currency | Yes · 2 currencies |
| Outbound transfers to third-party IBANs | No |
| Utility direct billing | No |
| SEPA direct debit (SDD) | No |
| On-chain crypto withdrawal | Yes |
| SEPA transfer | Free |
| Interest on balance | 0% |
| ATM withdrawal | not declared |
| Fund custody | Custodial (platform holds funds) |
| KYC | Full |
| Supported countries | LATAM, US, EEA · 8+ countries |
| Regulator | CNV / Florida MSB |
| OAM Italy registration | No |
| Segment | B2C |
| MiCA / License status | VASP |
Plans & pricing
Strengths
- 10M+ users; provides stablecoin local a Mercado Libre; from 2013.
- No notable sovereignty advantage documented.
Weaknesses
- Pivot B2B; card Brazil in test.
- Custodial: the platform holds your funds and can freeze or lose them.
- Full KYC required: verified identity, zero pseudonymity.
Verdict
Active since 2013, with over 10 million users, CNV oversight and Florida MSB registration, Ripio brings a track record and a footprint reaching beyond LATAM into the US and EEA, earning the B band. Weighing against it are the B2B pivot, the Brazilian card still in testing and persistent exposure to Latin American currencies, which leave some uncertainty over the consumer offering.
A privacy score slightly above the regional average and its role as a local-stablecoin supplier to Mercado Libre give Ripio a more infrastructural, on-chain flavour. Yet it remains a custodial platform with full KYC: there is no key sovereignty, and the shift toward B2B pushes the product even further from the crypto-native user seeking direct autonomy.
Promp's editorial rating based on real fees and net annual cost. Promp reviews third-party products independently.
"Sovereignty" rating: score computed on privacy/anonymity (30%), fund control (20%), censorship resistance (20%), trustless/auditability (20%) and costs (10%). Same data, different weights.
Reputation
What happened to people who used Ripio, and what users say. External signals: they do not feed the promp.it rating.
Incidents & regulatory actions
No known incidentSearch across public sources: no known hack, withdrawal freeze or regulatory action as of the verification date.
verified on
Public reviews
-
Google Play ↗
3.8/5
~
49,000 reviews
JSON-LD count not directly readable (page truncated); aggregators disagree between ~3.8/49k and ~4.2/45k. Approximate, to be re-verified.
-
App Store ↗
4.4/5
8,326 reviews
Argentine store, app 'Ripio App | Crypto Wallet', publisher BitPagos, Inc. The Brazilian store shows 4.24 across 1,414 ratings.
Weighted average across 2 public review platforms (57,326 reviews in total), weighted by volume. This is not our rating: it is those platforms’ average.
FAQ
Is Ripio a real bank?
Ripio operates under a VASP licence. The deposit-protection scheme is not documented for this service; check the official terms.
Can I send transfers to third-party IBANs with Ripio?
The ability to send transfers to third-party IBANs is not documented; check the official website.
Does Ripio support direct debits and utility billing?
SEPA direct debit (SDD): not documented. Utility-bill domiciliation: not documented.
Which fiat currencies does Ripio support?
The number of supported fiat currencies is not documented. Multi-currency accounts: not documented.
Can I withdraw crypto on-chain from Ripio?
On-chain crypto withdrawal is not documented; check the official website.
Sources
- Official service page Plans & pricing · Regulatory framework · OAM Italy registry · Past incidents · +4 Data verified on Jun 13, 2026
- crunchbase.com Founders · Legal name Data verified on Jun 14, 2026
- github.com Bug bounty Data verified on Jun 14, 2026
- hackerone.com Bug bounty Data verified on Jun 14, 2026
Show 8 more sources
- latamfintech.co Carta inclusa Data verified on Jun 14, 2026
- opencryptocards.com Card issuance fee · FX markup · Cashback · Staking richiesto · +2 Data verified on Jun 14, 2026
- pitchbook.com Company type · Valuation Data verified on Jun 14, 2026
- rootdata.com Investors Data verified on Jun 14, 2026
- thepaypers.com Latest funding round · Investors Data verified on Jun 14, 2026
- tradingfinder.com Third-party audit Data verified on Jun 14, 2026
- web3connect.com On-chain crypto withdrawals Data verified on Jun 14, 2026
- trustpilot.com Trustpilot reviews Data verified on Jun 13, 2026