LATAM News (English)

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

Puerto Rico sees resurgence of interest among crypto rich

Published on october 27, 2021

Crypto capital is moving to Puerto Rico as tax regulations are much more favorable than in the U.S. proper.

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Brazilian Ride-Hailing Giant 99 to Enable Bitcoin Trading

Published on october 26, 2021

99Pay, the digital wallet of Brazilian ride-hailing company 99, will enable the purchase and sale of bitcoin on its platform, the company announced on Tuesday. Users of 99Pay will be able to execute commission-free transactions with a minimum purchase amount of 10 Brazilian reais and a maximum of 10,000 reais — equivalent to 1,800 U.S…. [Read more]

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Argentinian Futures and Options Exchange Readies Bitcoin Index Move

Published on october 25, 2021

Argentina’s Futures and Options Exchange says it is taking “tentative crypto steps” – and could be set to follow the American bitcoin (BTC) exchange-traded fund (ETF) rush.
Per La Capital, the Rosario-based exchange, known as the Matba Roflex, has put forward a “Bitcoin Index” proposal to create a futures and options contract. The bid will be mulled by the regulatory National Securities Commission….
Read More: Argentinian Futures and Options Exchange Readies Bitcoin Index Move

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Surging Debit Use Leads ‘Eighty-Fold’ Acceleration in LatAm Digital Payments

Published on october 25, 2021

In just two years, Latin American debit and credit card use rates have essentially swapped their market share positions. In 2019, roughly 60% of the total purchases in the region were made through credit, whereas today, 65% of total sales from both physical and eCommerce stores are being done with debit cards, Gabriel Mejia, general […]

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Bitfarms Mega-Mining Facility Raises Concerns Among Legislators in Argentina

Published on october 25, 2021

The construction of a bitcoin mega-mining farm in Argentina by Bitfarms is raising concerns for legislators. Martín Berhongaray, a national deputy, recently presented a resolution to force the government to disclose information about the installation of the facility, through representatives from the Ministries of Science, Technology and Innovation, Environment and Sustainable Development, and of the […]

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Cryptocurrency ATM Boom Comes to Colombia

Published on october 24, 2021

While Colombia is not a country that has embraced cryptocurrencies compared to Venezuela or some African countries, it is the country with the second most cryptocurrency ATMs in the Latam region. The reason behind this could be that Colombia has a high percentage of cash usage. This makes cryptocurrency ATMs a very important tool for […]

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Revolut Moves Into Mexico With Appointment of CEO Juan Miguel Guerra

Published on october 22, 2021

U.K. FinTech super app Revolut is expanding into Mexico and the Latin American market and named Juan Miguel Guerra CEO to build and lead its entry into the region, according to a press release emailed to PYMNTS on Friday (Oct. 22). Formerly head of Bogota, Colombia’s online digital delivery service RappiPay, Guerra also brings experience […]

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Deep Dive: How Colombia Can Provide a Blueprint for Latin American Digital Payments Growth

Published on october 22, 2021

The global health crisis provided an immediate jolt for Latin America’s nascent online payments ecosystem. One recent study determined that more than 60% of the region’s consumers reduced their cash use by at least 20% last year, while another report found that 40% of Colombian consumers are now buying products digitally. eCommerce sales also are expected to reach […]

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Banco de Bogotá on How 2020 Shaped Colombia’s Digital Payments Ecosystem

Published on october 21, 2021

The once cash-centric Colombian economy is undergoing a digital payments renaissance with consumers now choosing speed and convenience over old habits. In the latest Digitizing Payments in Latin America Playbook, Carlos Lindo, director of payment methods at Banco de Bogotá, explains how QR codes are helping Colombia’s smartphone-savvy population take the digital payments leap.

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Subsidiary of Mexican airline Volaris accepts Bitcoin payments

Published on october 20, 2021

El Salvador’s Bitcoin adoption agenda continues apace, this time extending to a local airline.

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