FinTech Startups Leveraging Automation & Blockchain to Reach Lower Exchange Rates in Brazil

Online exchange platforms had a significant growth last year as they offered more attractive exchange rates than banks and traditional exchange brokers did. For example, in mid-August, customers could buy $1 for R$ 3.28 at CâmbioStore. But at the two of the country's largest brokers in Brazil – according to the Central Bank's ranking – it was sold for R$3.33 (taxes not included).

In addition to not having offices, exchange startups claim they get lower rates because they are more efficient in automating processes. At BeeTech, a holding company that integrates

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