Circle, the company behind USD Coin, has partnered with Mercado Pago, a leading name in Latin American financial technology, to introduce USDC to Chile. The collaboration is aimed at providing Chilean users with a trusted, secure, and transparent digital dollar for near-instant transactions. Matías Spagui, senior director of Mercado Pago, stated that the US dollar […]
Google Cloud and the government of El Salvador have announced a new partnership to establish an office and provide Google Distributed Cloud (GDC) services in the country. The seven-year partnership aims to digitize the country, update government services and improve the healthcare and education systems. It will also bring infrastructure closer to where data is […]
Binance is launching a new solution in Latin America called Send Cash, designed to facilitate more efficient crypto to local bank transfers. This advancement comes after Binance’s decision to discontinue its crypto card services in the same region, which reportedly affected less than 1% of its users. Send Cash will enable users to leverage Binance […]
Binance, a cryptocurrency exchange, is expanding its offerings in Latin America with the launch of a new crypto-to-bank account payment solution. The new product, called “Send Cash”, allows users from nine countries to transfer crypto funds directly to bank accounts. The countries include Colombia, Honduras, Guatemala, Argentina, Costa Rica, Paraguay, the Dominican Republic, Panama, and […]
Circle, a fintech company, has announced a partnership with Mercado Libre to bring the USDC stablecoin to Mercado Pago on Aug. 29. Jeremy Allaire, Circle’s CEO, posted a thread on X announcing the launch of USDC on the retail giant’s online payment platform. USDC is a stablecoin, meaning it is pegged to the U.S. dollar. […]
Binance, the world’s largest cryptocurrency exchange, has removed Banco de Venezuela (BDV) from its list of accepted P2P trading payment methods. This exclusion has caused a stir among Venezuelan digital currency enthusiasts, as BDV is the country’s largest bank, with total assets of 73,222.2 million bolivars, or $4,186.5 million, and a 56.1% market share.Currently, only […]
Binance, the world’s largest crypto exchange, has removed Banco de Venezuela from its peer-to-peer (P2P) trading service. This follows similar moves with sanctioned Russian banks last week, and is likely part of efforts to comply with international financial sanctions. Banco de Venezuela is one of the largest financial institutions in the country, and was sold […]
Brazilian football legend Ronaldinho Gaúcho is facing the possibility of detention as he is entangled in a cryptocurrency fraud investigation in his homeland. He is accused of being associated with a pyramid scheme post-retirement, which allegedly caused financial losses for investors who were swayed by his iconic status. He was summoned by the Brazilian Chamber […]
The Zug-based crypto and blockchain investment company CV VC announced that it is investing in the new Finka Token. The security token gives investors access to a cattle farm in Bolivia as an asset class. CV VC has signed an agreement to invest in the Finka Token as part of a newly introduced Digital Assets category, in addition […]
Roberto Campos Neto, the President of the Central Bank of Brazil, shared the plans regarding digital Central Bank currency (CBDC). A possible starting point is 2022. The Banco Central do Brasil is not the only central bank that currently works on digital currencies. At present, 80% of central banks worldwide research possibilities to implement their […]
