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Latin America

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Latin America’s Digital Payments Transformation Passes the ‘Grandma Test’

Published on february 2, 2022

To get a sense of the inroads digital payments have made in Latin America, Aron Schwarzkopf, CEO of Kushki, told Karen Webster: Just use the “grandma test.” All manner of younger, tech-savvy early adopters, spurred by the pandemic, have moved online to use apps and digital wallets to transact. But an increasing number of older […]

Revolut to Offer US Consumers Free Remittances to Mexico

Published on january 28, 2022

Global finance app Revolut has announced that U.S. customers can transfer money to Mexican bank accounts, according to an emailed press release today (Jan. 28). The service will be offered fee-free and would be done in up to 30 minutes. Revolut has been working on improving the U.S. methods to send money to home countries. […]

Paying the World Should Be As Easy as Sending a WhatsApp Message

Published on january 28, 2022

“Pay the world” is the theme of the day and for Thunes CEO Christophe Bourbier, in an ideal world, consumers anywhere in the world can leverage technology to make payments as simple and as fast as using an instant messaging platform. “When we say pay the world, we would like any payment, not just payments […]

El Salvador Turns to DeFi, Uses Bitcoin-Backed Microloans to Fight Loan Sharks

Published on january 21, 2022

Saying more than half of El Salvador’s businesses are funded by loan sharks, the government of El Salvador plans to offer $10 million in bitcoin-backed loans. President Nayin Bukele’s strategy of making bitcoin a legal tender in the country and buying tens of millions of dollars’ worth of BTC has alarmed the International Monetary Fund […]

Bukele's Bitcoin Is Not What Turkey Needs

Published on january 21, 2022

El Salvador’s President didn’t mention bitcoin in his meeting with Erdogan – but it’s not a cure for Turkey’s monetary woes anyway.

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 […]