Mercado Pago Launches Cryptocurrency Trading Services in Mexico

mercado pagoMercado Pago, the financial wallet division of Mercado Libre, the Latam e-tail giant, has announced the launch of cryptocurrency trading services in Mexico. The company has already launched this kind of service in Brazil, serving one million customers in the country, allowing them to purchase, store, and sell bitcoin and ethereum, and also to receive […]

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Brazil-Based Neobank Nubank to Launch Own Cryptocurrency as Part of Loyalty Program

nubank nucoinNubank, one of the largest digital banks in the world, has announced it will issue its own cryptocurrency during the first half of 2023. The currency, called Nucoin, will be issued on top of Ethereum with the help of Polygon, a second layer that allows users and developers to take advantage of lower fees, and […]

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Digital Neobank Nubank Reaches 70 Million Customers in Latam; Almost 2 Million Have Purchased Crypto

nubankNubank, a Brazil-based digital bank, has announced a new milestone in its operations. The company announced that it has reached 70 million customers in Latam, making it one of the biggest financial institutions of its kind in Brazil. The company also announced that almost 2 million of its customers are cryptocurrency investors. Nubank Reaches 70 […]

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Central Bank of Argentina Issues New Compliance Rules for Digital Wallets

central bank of argentinaThe Central Bank of Argentina has issued a new set of rules for operators of digital wallets in the country. Customers of companies like Uala, a wallet popular in Argentina, will now be qualified as financial users, having new protections similar to those offered by banks and other financial institutions. Central Bank of Argentina Strengthens […]

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Argentinian Tax Authority Wins Landmark Case to Confiscate Funds From a Digital Account

argentinian tax authority afipThe Argentinian Tax Authority (AFIP) has won a historic case to seize taxpayer funds from a digital account. The case, which was won in an appeal in the Federal Chamber of Mar del Plata, might bring about more seizures of this kind and include cryptocurrencies as part of a stricter policy of the organization. Argentinian […]

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Mercado Libre to Expand Cryptocurrency Services to More Countries in Latam

mercado libreMercado Libre, one of the biggest retailers in Latam, has announced that it plans to expand its cryptocurrency trading services to more countries in the region. The company, whose cryptocurrency services are now just available for customers in Brazil through Mercado Pago, its payments and digital wallet, already has more than 1 million customers using […]

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E-Commerce Giant Mercadolibre Buys Bitcoins Worth $7.8 Million for Treasury

E-Commerce Giant Mercadolibre Buys Bitcoins Worth $7.8 Million for TreasuryMercadolibre Inc., Latin America’s leading e-commerce company with almost 70 million users on its marketplace, has bought bitcoins worth almost $8 million for its treasury. With this move, the company has joined a growing list of corporations with the cryptocurrency on their balance sheets. Mercadolibre Holds Bitcoin on Balance Sheet Mercadolibre Inc. reported its first-quarter […]

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Customers From Latin American E-Commerce Giant Mercado Libre Can Buy Real Estate With Bitcoin

Customers From Latin American E-Commerce Store Mercado Libre Can Buy Properties With BitcoinThe biggest e-commerce store in Latin America is the latest major company in the region to join the crypto adoption movement. Mercado Libre is now allowing its customers to buy a selected number of properties from real estate agencies with bitcoin. Properties Listed Don’t Offer Alternative Payment Methods Aside From Bitcoin According to the announcement, […]

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