2019-8-26 23:58 |
This week’s top cryptocurrency news from Brazil, courtesy of Cointelegraph Brasil
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Ripple, a leading FinTech company that enables cross-border settlement, recently announced that the firm has expanded its operations to Brazil, the largest country in South America. The announcement also gave insight into the growth of its payment settlement network.
2019-6-12 21:17 | |
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Ripple has been living true to its motto of promoting cross-border payments with low transaction fee lately with a barrage of partnerships and other developments. Last week, Ripple-backed remittance providers such as InstaReM and MoneyNetint made the news by partnering with banks in order to simplify cross-border transactions.
2019-5-26 14:30 | |
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A Bitcoin-fuelled pyramid scheme from Brazil has pulled its inevitable “exit scam,” stealing tens of thousands of dollars from a number of Kenyan cryptocurrency investors. The scam, known as “Velox 10,” suddenly disappeared early this week.
2019-3-5 17:39 | |
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A week after taking office, Brazilian president Jair Bolsonaro criticizes and suspends a crypto project that would have developed a cryptocurrency for indigenous people
2019-1-8 12:36 | |
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Galaxy Capital–backed BlockFiis taking its loan services to the global stage. According to a statement shared with Bitcoin Magazine, the platform is expanding its services to an international audience.
2018-10-31 17:17 | |
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The Santander Bank chain has recently announced the expansion of its Ripple powered platform, OnePay FX for other European countries. Santander also intends to use Ripple ledger for all its payment settlements for the future.
2018-10-10 17:30 | |
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XP Group, owner of the largest investment firm in Brazil, XP Investimentos, confirmed it would launch a cryptocurrency exchange this week – despite its CEO saying he wished it “didn’t exist.
2018-9-21 14:00 | |
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The crypto revolution is spreading through Latin America, and is making major inroads in one major South American country. No, not that one. But shoppers in Brazil and Colombia may soon be able to pay for their groceries in cryptocurrency.
2018-9-3 17:22 | |
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Indonesian point-of-sale (POS) terminal maker Pundi X Labs (Pundi X) has struck a distribution deal with Brazilian company BitCapital to have 1,000 of its XPOS device distributed in retail outlets across the South American country, the startup said earlier this week.
2018-8-31 16:02 | |
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Located between the mountains and the sea not far from Rio de Janeiro, Paraty is renowned among travelers to Brazil for its scenic views. It features waterfalls, tropical beaches, an historic Portuguese colonial town, and now a Bitcoin-themed hostel.
2018-8-27 00:15 | |
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A newly introduced facial recognition system that’s being tested across several US airports has just helped catch an impostor for the first time, at Dulles International near Washington, D. C. The US Customs and Border Protection (CBP) noted in a press release that earlier this week, a 26-year-old man traveling from Brazil with a French passport was flagged by the airport’s facial recognition tech, which was put in place just three days ago.
2018-8-24 09:14 | |
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Brazilian legislators in the Chamber of Deputies proposed allocating 5% of the nation’s $370 billion treasury to Bitcoin strategic reserve.
In this week’s LATAM crypto update, we saw two key launches: Crypto. com’s new Visa card and Nubank Brazil’s new crypto tool exchange in its App. Crypto. com’s highly anticipated Visa card aims to meet the increasing demand for practical cryptocurrency usage in the region.
LATAM’s cryptocurrency scene is witnessing notable growth this week, with Lemon launching virtual cards in Argentina and the use of crypto ATMs in Colombia surging by 25%. These developments highlight the region’s increasing embrace of digital assets, offering new opportunities for users and businesses alike.
This week in LATAM’s cryptocurrency landscape, Brazil continues to see an increase in cryptocurrency activity, with imports of digital assets reaching USD 1. 4 billion in September, as Argentina moves forward on plans to regulate tokens.
Brazil’s government is set to enhance its cooperation with the central bank to tackle regulatory issues surrounding cryptocurrency and meal vouchers. This initiative is anticipated to take shape next year with the appointment of Gabriel Galipolo as the new central bank president.
Brazil’s Central Bank Chief, Roberto Campos Neto, announced on Tuesday that stablecoins and asset tokenization are set to be regulated in the country next year. He shared these remarks in a video for market intelligence firm Uqbar.
Brazil’s stablecoin market is experiencing explosive growth, significantly outpacing Bitcoin in transaction volume on local exchanges. This surge reflects an increasing preference for stablecoins in B2B cross-border payments, driven by the need for stable US dollar exposure amid local currency fluctuations.