LATAM News (English)

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

El Salvador stacks 150 Bitcoin after BTC price crashes below $50k

Published on december 4, 2021

With this purchase, El Salvador’s Bitcoin reserve now amounts to 1,270 BTC, which is worth nearly $60.3 million at the time of writing.

[...]

Brazil’s Movile Bets on Logistics, Payments and the Metaverse to Sustain Growth Streak

Published on december 3, 2021

A star of the pandemic digital shift, from massive mobile commerce growth to attracting FinTech investment, Brazil is cementing its position as an epicenter of digital innovation in Latin America. According to the Global Digital Shopping Index: Brazil Edition, a PYMNTS and Cybersource collaboration, 41% of Brazilian consumers say they are very or extremely likely […]

[...]

Paraguayan Senate to Debate Taking Bitcoin Mining ‘Out of the Grey Area’

Published on december 2, 2021

Paraguay is inching closer to legalizing Bitcoin (BTC) and crypto mining – and potentially opening up its huge hydroelectric power capacity to industrial miners – with more senators lending their support to a key proposal.
The bill has been in the pipelines for several months, and was the brainchild of a group of miners, as well as the MP Carlos Rejala….
Read More: Paraguayan Senate to Debate Taking Bitcoin Mining ‘Out of the Grey Area’

[...]

Mexican BNPL Platform Kueski Snags $202M

Published on december 2, 2021

Mexican buy now, pay later (BNPL) firm Kueski on Thursday (Dec. 2) announced it had completed a $200 million equity and debt fundraising round that will help it expand the business, according to a Nasdaq report. Private equity firm StepStone Group led Kueski’s $102 million equity investment round, while alternative investment firm Victory Park Capital […]

[...]

E-Commerce Giant Mercado Libre Taps Paxos to Power Crypto Service in Brazil

Published on december 2, 2021

Users of Mercado Pago will be able to buy and sell bitcoin, ether and the USDP stablecoin starting in December.

[...]

Blockchain.com Acquires Latin American Crypto Investment Platform Sesocio

Published on december 2, 2021

On November 30, the crypto firm Blockchain.com announced it acquired the Argentina-based investment platform Sesocio. According to the firm, the acquisition will give the company’s global workforce an aggregate headcount of 400 Blockchain.com employees worldwide. Blockchain.com’s Global Headcount Grows to 400 After Acquiring the Crypto Investment Platform Sesocio At the end of March, Blockchain.com raised […]

[...]

Mainstream Analysts Pour Scorn on El Salvador’s Financial Plans and Bitcoin Intentions

Published on december 1, 2021

Mainstream analysts have criticized El Salvador’s budget plans for 2022 and its bitcoin (BTC) bond ambitions – and a media outlet has pointed out that international ratings agencies are now lining up to take aim at the nation’s President Nayib Bukele and his adoption plans….
Read More: Mainstream Analysts Pour Scorn on El Salvador’s Financial Plans and Bitcoin Intentions

[...]

Bexs Banco-Thunes Collaboration Brings Real-Time Payments to Brazil

Published on december 1, 2021

Singapore-based global payments company Thunes has teamed up with Brazil-based international digital payments platform Bexs Banco to bring real-time payments to Brazil, the companies announced Wednesday (Dec. 1). The partnership brings increased speed and transparency to inbound transactions for Brazilian recipients through Thunes, and the more than 112 million Pix users will receive instant payments […]

[...]

Mobile Wallets Catching on Among Latin American Consumers

Published on december 1, 2021

Latin American consumers are steadily gaining access to digital financial services, but many still are flocking to alternative payment tools such as mobile wallets to make online purchases. According to a recent study, nearly 60% of the region’s online purchases were made via mobile device this year, up from 55% of transactions last year. According […]

[...]

Blockchain.com acquires SeSocio to cement presence in Latin America

Published on december 1, 2021

100 SeSocio’s employees will join Blockchain.com, immediately bringing its global headcount to 400 people.

[...]