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China's Whale Cloud Teams With Mexico's Toka FinTech to Develop Payment App

Published on november 10, 2021

China-based Whale Cloud, which provides telecommunications software solutions, has partnered with Toka Fintech, based in Mexico, to develop a new digital payment app with Alipay+ Digital Wallet Solution, according to a press release. Whale Cloud and Ant Group will help Toka Fintech develop the app, which will be designed specifically for the Latin America market, […]

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Citi’s Instant Payments Expands Reach to 28 Markets Following Launch in Brazil

Published on november 8, 2021

Citi’s Treasury and Trade Solutions (TTS) has launched domestic instant payments in Brazil, bringing its global reach to 28 markets in numerous regions, according to a press release on Monday (Nov. 8). Usage of Citi’s real-time payments capabilities has grown more than 100% in the past year, giving institutional clients the ability to send and […]

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Bitcoin Daily: Bitfinex Pay, MetaMask Team on Crypto Expansion; Brazilian Bill Would Allow Workers to Be Paid in Crypto

Published on november 7, 2021

Bitfinex Pay, a cryptocurrency payment gateway, has integrated with browser and wallet extension MetaMask, which could expand crypto use to “tens of millions of users,” Cointelegraph reported. The integration allows MetaMask users to send and receive crypto in what Bitfinex Chief Technology Officer Paolo Ardoino said in the report is a way to partner with […]

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Biden Wants Cuba Remittances Policy 'Tough on the Regime and Soft on the Cuban People'

Published on november 7, 2021

The White House is seeking “innovative options” to restart remittances to Cuba, it said when sending back some recommendations that had been made by the Treasury Department and State Department, Reuters reported Friday (Nov. 5). The President Joe Biden administration wants to allow Cuban Americans to send money to families on the island while also […]

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El Salvador Pours Bitcoin Profits Into Health and Education Amid Ongoing Chivo Wallet Fraud Furor

Published on november 5, 2021

After President Nayib Bukele “bought the dip” and purchased 420 additional bitcoins for about $25 million last week, El Salvador now has 1,100 coins, up from the first 400 announced in early September when it became the first country first in the world to make bitcoin legal tender alongside the U.S. dollar. The purchase comes […]

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Columbian Delivery App Rappi To Go Public Next Year

Published on november 5, 2021

Colombian delivery app Rappi Inc. is planning its initial public offering (IPO) for late in 2022, co-founder Juan Pablo Ortega told Bloomberg at the Web Summit conference in Lisbon, Portugal, for its report Friday (Nov. 5). Rappi, which is backed by SoftBank Group Corp., has “held informal conversations with banks, and plans to hire advisers […]

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Argentinian FinTech Uala Buys ABC Capital for Ongoing Expansion

Published on november 3, 2021

Ualá, an Argentine financial services firm, has reached an agreement to buy ABC Capital, a Mexican bank, which will allow it to boost expansion and growth plans in Mexico, Reuters reported. “Our commitment to financial inclusion in Mexico is absolute,” said Ualá Founder and CEO Pierpaolo Barbieri, per the report. “We come to revolutionize the […]

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Latin America Paving Way for FinTech Growth in Brazil, Colombia

Published on november 1, 2021

The FinTech trade is flourishing in Colombia, with an expansion of 120 percent each year and investments of more than $1 billion in the past three years, according to a report from the FinTech Times. Brazil is the fifth-largest FinTech market worldwide, earning more than 70 percent more investment in 2020 than in 2019, according […]

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Brazil, Colombia Lead Latin America for FinTech Growth

Published on november 1, 2021

The FinTech trade is flourishing in Colombia, with an expansion of 120% each year and investments of more than $1 billion in the past three years, according to a report from the FinTech Times. Brazil is the fifth-largest FinTech market worldwide, earning more than 70% more investment in 2020 than in 2019, according to the […]

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Glitches, Fraud and High Fees Upset El Salvador's Bitcoin Chivo Wallet Users

Published on october 31, 2021

The use of cryptocurrency as legal currency has been in force in El Salvador since Sept. 7, and in that period, user complaints continue to pile up. According to the country’s treasury department, $30,000 in taxes have been paid with the virtual Chivo Wallet after the Ministry of Finance authorized the payment of taxes, including […]

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