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Mercado Libre Buys Shares in Parent of Mercado Bitcoin, Paxos
Published on january 20, 2022
Mercado Libre has acquired shares in 2TM Group, the parent company of MercadoBitcoin.com, in an attempt to show more commitment in crypto asset development, the company announced Thursday (Jan. 20). The company also invested in blockchain infrastructure platform Paxos, which powers the Mercado Pago crypto in Brazil. Neither of the investment amounts were disclosed. Per […]
[...] Bitcoin Daily: Crypto Investors Flock to Puerto Rico for Tax Breaks; Competition, Bitcoin Value Drop May Impact Crypto Miner IPOs
Published on january 16, 2022
Crypto miners scheduled to go public will probably face some adversity in the next few months as bitcoin sees its price fall, according to a Friday (Jan. 14) CoinDesk report. The drop in crypto prices could affect Core Scientific, which wants to go public through a special purpose acquisition company (SPAC) merger with Power & […]
[...] LatAm Payments Firm Ebanx Expects to Double Mexican Market
Published on january 11, 2022
Payments firm Ebanx anticipates that it will double its business operations in Mexico for the second consecutive year as it moves to onboard 10 new retailers and launch its first office in the country with an expanded roster of employees. Ebanx co-founder and CEO Joao del Valle told Reuters on Monday (Jan. 11) that the […]
[...] Spreedly Reports 100% Growth in Latin America
Published on january 11, 2022
Payments orchestration platform Spreedly says it’s seeing a lot of activity from users in Latin America. The company announced Tuesday (Jan. 11) that transaction volume on its platform from that region had grown by more than 100% year over year. “As one of the world’s fastest growing eCommerce markets, there is a strong demand for […]
[...] Uber, Delivery Hero Latam Moves Signal Competitive Battle in Bid to Build Super Apps
Published on january 10, 2022
The connected economy is a hyper-competitive battlefield — no matter where you look. In some countries and regions where super apps are gaining ground, some strategic re-positioning by platform giants gives an indication of just how competitive things are getting. To that end, March 7 looms as a red-letter day for platforms in the region. […]
[...] El Salvador: Regulatory Regime for Bitcoin 'Volcano' Bonds As Soon As February
Published on january 9, 2022
El Salvador is apparently readying a new Bitcoin law. Samson Mow, Chief Strategy Officer of Blockstream — the crypto asset firm overseeing El Salvador’s forthcoming, billion-dollar Bitcoin bond issuance — announced it in an English-language tweet on Jan. 3, according to El Salvador.com. The new Digital Securities Law Mow referred to likely has something to […]
[...] Chile: The Poster Child For Latin American Digital Payments
Published on january 6, 2022
With 73% of its people owning a bank account, Chile has the distinction of having the highest banked population in Latin America. But does that help digital payments adoption in the country? The answer, according to Óscar Quevedo, Kushki’s country manager for Chile, is an easy yes. “Obviously it helps that people have access to […]
[...] Bitcoin Daily: Baanx Gets FCA Approval for Providing Crypto; Peru to Debate Crypto Regulations; Airbnb Poll Shows Demand for Crypto Payments; Bitcoin Price Falters as Fed Debates Shrinking Balances
Published on january 5, 2022
FinTech Baanx has received full approval for cryptoassets registration by the U.K.’s Financial Conduct Authority (FCA), according to a IBS Intelligence report Wednesday (Jan. 5). Baanx has seen massive growth in the last year, and works on providing compliant and secure crypto assets. With the approval, the company has become an official cryptocurrency businesses and […]
[...] Arcos Dorados Taps dLocal for McDonald’s In-App Payments in Uruguay
Published on january 4, 2022
Arcos Dorados, the world’s largest independent McDonald’s franchisee, is turning to dLocal to power in-app payments for its fast-food restaurants across Uruguay, according to a press release on Tuesday (Jan. 4). The collaboration with dLocal will give people using the McDonald’s app for food delivery the ability to complete purchases using credit and debit cards. […]
[...] Bank of Mexico Aims for 2024 CBDC Launch
Published on january 3, 2022
The Bank of Mexico wants to have its own digital currency circulating sometime in the next two years, in an effort to foster financial inclusion in a cash-heavy country, according to published reports. The president of Mexico’s central bank, Andrés Manuel López Obrador, said on Twitter it is important “to use these new technologies and […]
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