Reuters interviewed Sankaet Pathak, CEO at Synapse and published a story about Synapse’s success in Brazil, detailing our plans to expand to other Latin American countries, such as Mexico and Argentina, and to Asia, specifically India.
Describing our Global Cash product as U.S.-based accounts that are available to clients abroad, Reuters highlighted Synapse’s partnership with flagship brands like Nomad and Banco Inter in Brazil.
Reuters noted that one of the main reasons to open the U.S.-based accounts is to transfer assets from volatile local currencies to dollars. Brazilians also use these accounts to pay for expenses while traveling or to invest in the financial markets in the U.S.
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