Latin America – Page 9

Peru to partner with India, HK and Singapore central banks on a CBDC

The president of Peru’s central bank has indicated that the country will be joining forces with India, Singapore, and Hong Kong to develop its own central bank digital currency.

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Stablecoin payment app Reserve helps individuals protect their savings against inflation in Latin America

“Our long-term vision is to create a currency that is stronger than any fiat currency that exists now,” said Reserve community manager Yens Michiels.

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Latin America stands to benefit most from crypto, says Uphold exec

Uphold CEO JP Thieriot said that the nature of life in Latin America begs for use cases based on Bitcoin.

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Venezuela Slashes Six Zeroes off Its Currency, Bolivar Keeps Losing Ground Against the Dollar

The Central Bank Of Venezuela applied the announced redenomination plan for the national fiat currency, the bolivar on October 1. This redenomination implied slashing six zeroes from the currency, to make payments and currency handling easier, according to earlier statements. However, just hours after applying this measure, the bolivar lost more than 20% of its […]

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McDonald’s now accepts Bitcoin, but only in El Salvador

Bitcoin-as-a-payment is becoming reality in El Salvador after the country formally recognized the cryptocurrency as legal tender.

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Bitso to assist the launch of El Salvador’s official Bitcoin wallet Chivo

Mexican crypto exchange Bitso is announced as a core partner for El Salvador’s state-issued BTC wallet.

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Paraguayan lawmakers to present Bitcoin bill on July 14

El Salvador’s decision to accept Bitcoin as legal tender in June appears to be influencing lawmakers across the region to begin exploring their own cryptocurrency strategy. Paraguay is next in line to introduce new crypto-focused legislation.

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UN commission serves new warning against BTC adoption in El Salvador

ECLAC executive secretary stressed that there is no study yet that would have investigated potential risks or benefits of El Salvador accepting BTC as legal tender.

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Bitcoin is a miracle and better than gold, says Apple co-founder Wozniak

Apple co-founder Steve Wozniak declared “Bitcoin is the only digital gold” years ago, but he claims that he still hasn’t invested in BTC.

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Softbank Invests $200 Million in Brazilian Crypto Trading Platform Mercado Bitcoin

The multinational conglomerate holding company headquartered in Tokyo, Softbank operates a Latin America Fund that invests in startups focused on identification technology, e-commerce, education, fintech and now cryptocurrency solutions. The Softbank Latin America Fund revealed on Thursday that it invested $200 million in the crypto-asset exchange Mercado Bitcoin. Mercado Bitcoin’s $200M Capital Raise: Softbank Funds […]

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