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Mobile Wallets Catching on Among Latin American Consumers
Published on december 1, 2021
Latin American consumers are steadily gaining access to digital financial services, but many still are flocking to alternative payment tools such as mobile wallets to make online purchases. According to a recent study, nearly 60% of the region’s online purchases were made via mobile device this year, up from 55% of transactions last year. According […]
[...] Mastercard, Jeeves to Offer Local Cards to Mexican Businesses
Published on november 29, 2021
Mastercard will be working with Jeeves, a business banking company that has worked with numerous Mexican businesses, to help alleviate credit access problems in Mexico, according to a press release Monday (Nov. 29). The two companies will work together to create a physical card that lets companies pay in any local currency from anywhere Mastercard […]
[...] Bitcoin Daily: FCA to Crack Down on Crypto Sent to Terrorist Groups; UK May Lose Millions in Taxes on Crypto Due to El Salvador Loophole
Published on november 28, 2021
El Salvador’s move to make bitcoin a legal tender could end up causing problems at tax time elsewhere in the world, a report from The Telegraph says. A report says that the U.K.’s HMRC could face a legal challenge from investors who want to cut down on tax bills through a loophole for foreign currency. […]
[...] Bitcoin Daily: MercadoPago to Allow Bitcoin Buying, Selling in Brazil; UK Man Faces Extradition to US Over Crypto Scam
Published on november 23, 2021
MercadoPago will soon let Brazilian customers buy, sell and hold bitcoin, Bitcoin Magazine reported. MercadoPago is the digital payments app of MercadoLibre. MercadoPago Vice President and Country Manager Tulio Oliveira said per the report that the company has taken the time to study and learn about the crypto field, and that its offering has “transformational” […]
[...] MercadoLibre Customers in Brazil Getting Crypto Investment Access Through Digital Wallet
Published on november 23, 2021
MercadoLibre Inc. will soon allow MercadoPago customers in Brazil to buy, sell and hold cryptocurrencies in their digital wallets, according to a Bloomberg report Monday (Nov. 22). The company is piloting the program with a small group of customers and will make it available to more people in the coming weeks, Tulio Oliveira, a MercadoPago […]
[...] Brazilian B2B BNPL Startup TruePay Grabs $32M in Series A Funding
Published on november 23, 2021
Brazilian-based buy now, pay later (BNPL) startup TruePay on Tuesday (Nov. 23) announced that it recently wrapped up a Series A funding round that brought in $32 million, which will largely be used to hire more employees for the fledgling company, according to a company press release. Addition led TruePay’s latest fundraising effort, which comes […]
[...] Volcano to Power Miners in El Salvador’s Bitcoin City
Published on november 22, 2021
Call it an urban experiment on a grand scale, where cryptocurrency lays the foundation for daily life — literally — yet may be as explosive as the volcano powering it all. News came last week that El Salvador is planning to build a “bitcoin city,” in turn funded by bitcoin, still the marquee name in […]
[...] Deep Dive: How Payment Providers Can Make the Most of the Latin American Cross-Border Payments Opportunities
Published on november 22, 2021
eCommerce has made important gains in Latin America during the pandemic, with one report projecting that eCommerce sales in this region will exceed $270 billion by the end of the year. Another study predicted that the number of digital shoppers will rise to 77 million in Mexico alone by 2025, up from 50 million this […]
[...] El Salvador Plans to Build Tax-Free Bitcoin City
Published on november 21, 2021
El Salvador is delving further into bitcoin and plans to issue sovereign bitcoin bonds, Bloomberg reported. The country, which has already made bitcoin a legal tender, will issue $1 billion in tokenized U.S.-dollar denominated 10-year bonds to pay 6.5% through the Liquid Network, according to the report. Half of the funds will be converted to […]
[...] Bitcoin Daily: Hillary Clinton Critiques Bitcoin; California Man Sentenced on Crypto Money Laundering Charge; El Salvador Plans Sovereign Bitcoin Bond; Bitcoin Could See Worst Week in Months
Published on november 21, 2021
Former Democratic presidential candidate Hillary Clinton has a skeptical view of bitcoin, saying there are worries that it could undermine the dollar, Bitcoin Magazine reported. “What looks like a very interesting and somewhat exotic effort to literally mine new coins in order to trade with them has the potential for undermining currencies, for undermining the […]
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