zkSync Expands to Latin America, Opens Office in Buenos Aires to Support Local Projects and Enhance Financial Systems

Matter Labs, developer of the Ethereum Layer 2 scaling solution zkSync, has announced its expansion into Latin America with a new regional office in Buenos Aires

zkSync, an Ethereum Layer 2 scaling solution, is expanding its presence in Latin America with a new regional office in Buenos Aires, Argentina. The move is aimed at supporting local projects and improving financial systems in the region.

“Partnering with projects like QuarkID and the Buenos Aires government, and Lemon Cash’s initiatives, has positioned Argentina as a pivotal region for our expansion. We aim to introduce blockchain technology to millions of developers and users.”

The zkSync team, including CEO Alex Gluchowski and President Nana Murugesan, will visit Buenos Aires in August to meet with local leaders, policymakers, and cryptocurrency entrepreneurs. They will discuss future collaborations and gain insights into the financial landscape of the region.

zkSync is already playing a role in the Argentine cryptocurrency ecosystem. Key collaborators of zkSync, such as Lambda Class, OpenZeppelin, QuarkID, and Lemon Cash, are deploying Layer 2 solutions across Latin America. The company sees the Argentine crypto ecosystem as vibrant and crucial for launching Web 3.0 projects throughout the region.

The initiative is part of a broader effort to integrate more Latin American communities into the global blockchain and cryptocurrency sectors. Buenos Aires is emerging as a major hub for crypto innovation.