PRESS RELEASE. Palo Alto, CA – LTNM, the next generation, insured asset-backed cryptocurrency, is proud to announce an exclusive partnership with OSO ATMs, one of the biggest ATM providers, to help install 100,000 LTNM ATMs across all fifty states in the United States. Developed by Monsoon Blockchain Corporation on behalf of the LTNM Foundation, LTNM […]
Latin America - Bitcoin News Related To Latin America
Latin America
Latin America Paving Way for FinTech Growth in Brazil, Colombia
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 […]
Latinx communities continue to rise above Bitcoin adoption obstacles
Latinx communities are driving forward adoption, as crypto is proven to meet their diverse needs in a way that traditional finance cannot.
Latin America stands to benefit most from crypto, says Uphold exec
Uphold CEO JP Thieriot said that the nature of life in Latin America begs for use cases based on Bitcoin.
Surging Debit Use Leads ‘Eighty-Fold’ Acceleration in LatAm Digital Payments
In just two years, Latin American debit and credit card use rates have essentially swapped their market share positions. In 2019, roughly 60% of the total purchases in the region were made through credit, whereas today, 65% of total sales from both physical and eCommerce stores are being done with debit cards, Gabriel Mejia, general […]
Deep Dive: How Colombia Can Provide a Blueprint for Latin American Digital Payments Growth
The global health crisis provided an immediate jolt for Latin America’s nascent online payments ecosystem. One recent study determined that more than 60% of the region’s consumers reduced their cash use by at least 20% last year, while another report found that 40% of Colombian consumers are now buying products digitally. eCommerce sales also are expected to reach […]
Hong Kong Crypto Exchange OSL Launches Operations in Latin America
OSL, a Hong Kong-based digital asset trading platform, has started offering its exchange services to professional and institutional investors in Argentina, Brazil, Colombia and México, the company said in a statement on Tuesday. The company, part of BC Group, a public technology and digital asset company, will provide institutional customers with “access to a global… [Read more]
Rising Smartphone, Digital Service Usage Drives Adoption of Non-Cash Payments in Latin America
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 […]
Latino-Focused Lender Oportun Scraps Bank Charter After CFPB Probe
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 […]
Building On Bitcoin In Latin America
Two Latin American developers discuss how their projects are building on the adoption of Bitcoin in the region.