LATAM News (English)

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

Central Bank of Brazil Reports Brazilians Have Bought More Than $4 Billion in Cryptocurrency This Year

Published on october 18, 2021

Brazilians have brought over $4 billion of cryptocurrencies to the country, according to numbers from the Central Bank of Brazil. The commercial asset balance report presented shows that Brazilians have consistently acquired over $350 million dollars of cryptocurrencies each month since January. However, according to some analysts from the central bank, this number has the […]

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Salvadoran President Nayib Bukele Taunts Economist Steve Hanke After Bitcoin’s Price Skyrockets

Published on october 17, 2021

On October 15, the day bitcoin’s price surpassed the $60K per unit handle, Salvadoran president Nayib Bukele taunted the professor of applied economics at Johns Hopkins University, Steve Hanke, over his recent statements. At the time, the well known economist warned that El Salvador faces “financial ruin” with “Bukele at the helm,” after El Salvador’s […]

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Brazilian toddler makes over 6,500% profit on her first Bitcoin holding

Published on october 17, 2021

A father’s gift of 1 BTC (roughly $915.80) to his newborn daughter back in 2017 is now worth more than $60,000.

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President of Mexico Denies Having Interest in Adopting Bitcoin as Legal Tender

Published on october 17, 2021

The President of Mexico, Andres Manuel Lopez Obrador, denied having any interest in adopting cryptocurrencies as legal tender in the country. The statements, offered in a press conference in the National Palace this week, also confirmed that the Mexican government will keep dealing with the financial matters of the country in a traditional and orthodox […]

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Corporations & Countries Watch and Learn From El Salvador's Bitcoin Experiment

Published on october 17, 2021

It has now been more than a month since El Salvador officially began enforcing a law making bitcoin (BTC) legal tender within the Central American country. Much has been of the rapidity with which this law was proposed and then passed, with protests suggesting that at least some of the local population didn’t really agree with President Nayib Bukele’s plans to turn El Salvador into a Bitcoin nation….
Read More: Corporations & Countries Watch and Learn From El Salvador’s Bitcoin Experiment

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Reports of Fraud Mar El Salvador’s Bitcoin Journey

Published on october 15, 2021

In a week that saw bitcoin rocket to near previous highs, El Salvador’s own grand experiment with embracing the crypto as legal tender seems to be getting some pushback. At this writing, bitcoin is trading at more than $61,000, well within highs of roughly $64,000. But the mechanics of getting bitcoin more firmly entrenched into El […]

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Facing Driver Shortage in Brazil, Uber Tests Line Jump Option

Published on october 15, 2021

Uber has begun allowing customers in Brazil to pay more for shorter waits, due to a driver shortage apparently triggered by rising gas prices. As Bloomberg News reported on Friday (Oct. 15), the ride-hailing service is testing a feature in three Brazilian cities that will offer priority rides that cost as much as 20% more […]

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Young Argentinian Entrepreneur Ventures to Expand Tipping App Worldwide Using Lightning Network

Published on october 15, 2021

Empowering Content Creators: Cafecito’s Journey to Worldwide Expansion with Lightning Network Integration

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Rising Smartphone, Digital Service Usage Drives Adoption of Non-Cash Payments in Latin America

Published on october 14, 2021

Cash use is so prevalent in many Latin American markets that consumers actually go out of their way to use it to make a payment or complete other online transactions that most people would do from their phones. As Sebastián Castro Galnares, co-founder at Kushki, told PYMNTS, it’s not uncommon for people to walk or […]

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Bank of Spain Criticizes El Salvador’s Foray Into Bitcoin

Published on october 12, 2021

The Bank of Spain, the central bank of the country, criticized the adoption process El Salvador chose when declaring Bitcoin legal tender last month. In a report titled “The role of crypto assets as legal tender: the example of El Salvador,” the bank examines several pain points the country encountered while applying its bitcoin strategy, […]

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