News list for " Latin America"
Canadian fintech company Nuvei has launched a payment settlement service using stablecoins for merchants in Latin America. Interoperability platform Rain, digital custodian BitGo and credit card issuer Visa are partners in its blockchain-based solution. Latin American merchants participating in the Nuvei solution will be able to use physical or virtual Visa cards to pay in stablecoins through digital wallets. BitGo will provide custody of digital assets. This service will be available anywhere V...
Latin American digital asset platform Mercado Bitcoin (MB) has announced the launch of the MBRL stablecoin on the TRON blockchain, pegged to the Brazilian real.
Marcos Galperin, founder and CEO of Mercado Libre, a Latin American e-commerce and financial services giant, shares his thoughts on bitcoin and cryptocurrencies. He revealed that he invested in bitcoin in 2013, when Mercado Libre sent a special envoy to the United States to study new technologies. Mr. Galperin praised bitcoin's independence from government interference, explaining: "When people see governments around the world running fiscal deficits, having a currency like bitcoin that governme...
Mercado Pago, the digital banking arm of Latin American e-commerce giant Mercado Libre (MELI), said Wednesday it will launch a dollar-pegged stablecoin in Brazil. Mercado Pago users in Brazil will be able to buy and sell Meli Dollar stablecoins using their account balances in Brazilian real without paying any fees, the company said. The product is "designed to provide a practical and stable option for financial management", the company said. Ripio, a Latin American cryptocurrency firm, will act ...
A survey conducted by Binance revealed that more than half of cryptocurrency users in Latin America are using cryptocurrencies as a long-term investment, opting to hold digital assets. The survey, which surveyed 10,000 users from Argentina, Brazil, Colombia, and Mexico, found that 50.3% of surveyed users (one in every two clients) prefer to use cryptocurrencies as an investment vehicle. 18.8% of surveyed users said they use these assets for trading on a daily basis, and the survey also found oth...
Officials from the American Federation of Latin American Rights Organizations said Biden tested positive for the novel coronavirus.
Binance has announced the appointment of Guilherme Nazar as Vice President of Latin America Markets, further developing the crypto industry across Latin America, where he will focus on driving innovation, increasing adoption, and designing and implementing a user-centric Binance business strategy. Currently, Frida Vargas, General Manager of Binance Mexico, and Daniel Acosta, responsible for Colombia, Central America, and the Caribbean, will continue to lead their local markets and report to Naza...
Kavak, a used car startup in Latin America, has issued token debt to invest in the Brazilian car market. According to local sources, the company has issued nearly $1 million of tokenized commercial paper using the tokenization platform Liqi and plans to issue more than $5 million.
Mercado Libre, Latin America's largest e-commerce platform, has disclosed that it holds more than $40 million in cryptocurrency, according to its 2024 Quarter 1 filing. The company disclosed that it held 412.7 BTC and 3,041.6 ETH as of March 31. However, Mercado Libre does not own these assets, and its CIO, Richard Cathcart, explained that the company has liquidated its cryptocurrency in 2023. Cathcart claims that this filing reflects the fact that we offer our users a service to buy, hold and s...
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