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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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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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Bitcoin Daily: Venezuela's Simon Bolivar Int'l Airport to Accept Crypto for Flights; BitPay, Wix to Team on Crypto Payments

Published on october 12, 2021

Simón Bolivar International Airport, which is Venezuela’s largest airport and also known as Maiquetía, will add bitcoin, Dash and Petro as payment options for clients buying tickets, CryptoPotato reported. Petro is a Venezuelan government-issued digital asset. Airport Director Freddy Borges said in the report that the idea is to make payments more modern and universal. […]

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Latino-Focused Lender Oportun Scraps Bank Charter After CFPB Probe

Published on october 11, 2021

Oportun, a specialist in low- to moderate-income lending, which services many Latinos, has withdrawn its application for a bank charter. The withdrawal was voluntary, and a report from the company says the CFPB was looking into claims that Oportun had violated consumer protection laws with its collection practices, especially those which centered around hardship treatments […]

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El Salvador’s President a Bitcoin Booster, But Data Point to Uneven Embrace

Published on october 8, 2021

Roughly a month into the grand bitcoin experiment in El Salvador, how it’s going depends on how you look at it. In the “it’s going gangbusters” camp, we might present as Exhibit A the fast and furious tweets of President Bukele, who said on that social media platform Thursday (Oct. 7), “Since yesterday, Salvadorans are inserting more […]

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Colombian FinTech Movii Closes $15M Series B

Published on october 8, 2021

Colombian FinTech Movii raised $15 million in a Series B funding round led by Square and Greg Kidd’s investment fund Hard Yaka, according to reports on Friday (Oct. 9). The fresh infusion of capital is being earmarked for the development of a cryptocurrency-buying platform and to grow its existing line of products. “With our new […]

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Bitcoin Daily: SEC Approves ETF for Companies Holding Bitcoin; El Salvador Reports Over 3M Crypto Wallet Users

Published on october 7, 2021

The Securities and Exchange Commission (SEC) has approved an exchange-traded fund (ETF) for companies holding large amounts of bitcoin, Decrypt reported. The portfolio will include Tesla, PayPal and around 28 other companies. The approval comes as the crypto world has been waiting for a pure bitcoin ETF, and the SEC has just taken a step […]

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i2c, Bancrédito Join Forces to Debut Amex Black Card for Puerto Rico

Published on october 6, 2021

Digital payment and banking provider i2c has joined forces with Puerto Rico’s Bancrédito International Bank & Trust Corporation to launch a new American Express Black Card in Puerto Rico, according to a Wednesday (Oct. 6) press release. The Bancrédito Black American Express Card features interactive voice response technology in English and Spanish, powered by i2c. The card also offers contactless […]

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