Does the IMF have a hidden script for El Salvador’s Bitcoin play?
What if El Salvador’s Bitcoin experiment succeeds? Is that what the IMF really fears? Go to Source Powered by WPeMatico
Latin America
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Crypto-focused enterprise payment platform Tribal Credit raises $60M
Crypto-facilitated cross-border payments services are gaining traction in Latin America — a region that has become a hotbed for the cryptocurrency industry. Go to Source Powered by WPeMatico
Mercadolibre Gets Closer to Crypto With Investments in Paxos and Mercado Bitcoin
Mercadolibre, one of the biggest Latam-based unicorns, has announced strategic investments in two cryptocurrency exchanges: Paxos and Mercado Bitcoin. With these investments, the platform gets closer to cryptocurrency, having already bought bitcoin as a direct investment for its treasury, and offering the possibility of investing in crypto for its users in several countries in Latam. … Read more
El Salvador buys its cheapest 410 Bitcoin as prices reach $36k
President Nayib Bukele confirmed that the purchase of 410 BTC was made against $15 million, placing the trading price at approximately $36,585 per BTC. Go to Source Powered by WPeMatico
2021: A year of mass adoption for cryptocurrencies in Brazil
2021 was a year of affirmation for the Brazilian crypto market with good news in the national stock market, the promise of a CBDC and Brazilian soccer joining the game. Go to Source Powered by WPeMatico
Mercado Bitcoin operator acquires Portuguese crypto exchange
After raising over $250 million from firms like SoftBank last year, Brazil’s 2TM Group is expanding into Europe. Go to Source Powered by WPeMatico
Tribal Credit raises $40M in ‘hybrid’ debt round funded by dollars and stablecoins
The company is pushing new use cases for blockchain payments through its partnerships with Bitso and Stellar Development Foundation. Go to Source Powered by WPeMatico
Volatility, hyperinflation and uncertainty: How everyday Venezuelans are using stablecoins to protect their livelihoods
Customers of stablecoin payment app Reserve express their dependency on technology for everyday transactions. Go to Source Powered by WPeMatico
Tribal Credit taps Bitso and Stellar to enable cross-border B2B payments
The partnership between Tribal Credit, Bitso and Stellar Development Foundation will rely on crypto to streamline B2B transactions in Latin America. Go to Source Powered by WPeMatico
Gemini partners with Colombia’s biggest bank for crypto trading
The partnership will allow Bancolombia customers to trade a number of popular cryptocurrencies including BTC, ETH, and LTC. Go to Source Powered by WPeMatico
