LATAM News (English)

These are English-language news items related to Bitcoin and LATAM (Latin America):

Crypto Lender Ledn Raises $70M in Series B Round, Readies Bitcoin-Backed Mortgage Product

Published on december 15, 2021

The crypto lender is looking to reach over $100 million in bitcoin-backed mortgage originations.

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Why Chile Is the Hot New Tech Testing Ground For LatAm Payment Providers

Published on december 15, 2021

Digital payments have taken the world by storm in the past several years, but Latin America lags compared to other regions like Europe and Southeast Asia. Just 18% of consumers in Latin America use a FinTech, digital wallet or neobank to make purchases, for example, as opposed to 46% of consumers in the Asia-Pacific (APAC) […]

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Brazilian Crypto Asset Manager Hashdex Pursues US Expansion Following 2 Key Hires

Published on december 14, 2021

The firm is adding staff for its U.S. operation and created the positions of head of corporate communications and chief of staff.

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Mexican Trucking FinTech Nets $4.5M for Expansion

Published on december 13, 2021

Solvento, a Mexican FinTech, has raised $4.5 million in an investment round, according to a press release. Solvento’s objective is to be a solution for shippers, to help them smooth out various complications and access more funding, the release stated. “Truckers are the unsung heroes of the supply chain, yet they often struggle due to […]

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Brazil Stock Exchange B3 Plans to Enter Crypto Market in 2022: Report

Published on december 13, 2021

The country’s only exchange is evaluating opportunities in asset tokenization and digital asset custody, and it also plans to launch a crypto ETF.

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As Tanking Bitcoin Gives Salvadorans a National Haircut, UK Analytics Firm Sees a Smokescreen for Bigger Financial Troubles

Published on december 10, 2021

El Salvadoran President Nayib Bukele’s $70.7 million bitcoin investment was down $3.4 million — about 5% — a headline in La Prensa Grafica screamed on Tuesday (Dec. 7). On Friday it was down another $2.3 million. Volatility in bitcoin is nothing new, but if new investors are battered by fear, uncertainty and doubt — FUD […]

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Tribal Credit, Bitso, Stellar Collab for LatAm X-Border B2B Payments

Published on december 10, 2021

Business-to-business (B2B) payment and financing platform for emerging markets Tribal Credit is teaming up with Latin American crypto exchange Bitso and the Stellar Development Foundation to develop a new platform to facilitate cross-border B2B payments, according to a press release. Using Tribal Credit’s new cross-border payment service, Mexican businesses can send B2B payments in pesos […]

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'Mecca of mining': Brazil considers zero tax on green bitcoin mining

Published on december 10, 2021

Brazil’s congress heard several proposals endorsing a tax exemption on miners and promoting cryptocurrency to the status of a national currency.

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Volatility, hyperinflation and uncertainty: How everyday Venezuelans are using stablecoins to protect their livelihoods

Published on december 9, 2021

Customers of stablecoin payment app Reserve express their dependency on technology for everyday transactions.

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Lack of Transparency Blighting El Salvador’s Bitcoin Adoption, Critics Say

Published on december 9, 2021

Media outlets claim that bitcoin (BTC) adoption has been a damp squib thus far in El Salvador – and have bemoaned the fact that the government has failed to produce any explanation of how it has spent the money it has forked out on token purchases….
Read More: Lack of Transparency Blighting El Salvador’s Bitcoin Adoption, Critics Say

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