LATAM

Latam Insights: Bolivia Mulls Chinese Yuan for Trade Settlements, Steve Hanke Proposes 30-Day Solution for Venezuelan Inflation

May 15, 2023 Bitcoin.com

Argentina

Welcome to Latam Insights, a compendium of the most relevant crypto and economic development news from Latin America during the last week. In this issue, Bolivia mulls using the Chinese yuan in international trade settlements, inflation reaches 108.8% in Argentina, and Steve Hanke states he can eliminate Venezuela’s inflation in 30 days. Bolivia Mulls Using […]

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Avara’s Lens secures $31M for SocialFi-focused L2 blockchain

Latam Insights: Bolivia Sells Gold for Dollars, Argentina Bans Fintech Crypto, Fitch Upgrades El Salvador’s Credit Rating

May 8, 2023 Bitcoin.com

Ban

Welcome to Latam Insights, a compendium of the most relevant crypto and economic development news from Latin America during the last week. In this issue, Bolivia passes a law to sell gold for dollars, the Central Bank of Argentina bans fintech companies from using crypto, and Fitch improves El Salvador’s credit rating. Bolivia Passes Law […]

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Avara’s Lens secures $31M for SocialFi-focused L2 blockchain

Latam Insights — Steve Hanke Advocates Dollarization in Argentina, Bitcoin City Plans Unclear in El Salvador, Sunacrip Implicated in Venezuela Layoffs

May 1, 2023 Bitcoin.com

argetina

Welcome to Latam Insights, a compendium of the most relevant crypto and economic development news from Latin America during the last week. In this issue, economist Steve Hanke calls to dollarize Argentina, Bitcoin City plans are still not formalized in El Salvador, and Venezuelan crypto watchdog Sunacrip is allegedly involved in mass layoffs. Steve Hanke […]

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Avara’s Lens secures $31M for SocialFi-focused L2 blockchain

Putin, Xi Vow to Use Yuan as Russia and China Move to Settlements in National Currencies

March 22, 2023 Bitcoin.com

Asia

As part of the talks that Russian president Vladimir Putin and Chinese president Xi Jinping are currently conducting in Russia, Russia has vowed to move to use the Chinese yuan as a settlement currency with countries in Asia, Africa, and Latam. Putin expressed that using national currencies for international trading “should be encouraged further.” Russia […]

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Avara’s Lens secures $31M for SocialFi-focused L2 blockchain

Binance Launches Prepaid Card in Colombia

March 13, 2023 Bitcoin.com

Argentina

Binance, the cryptocurrency exchange, has launched a prepaid cryptocurrency card in Colombia, expanding its reach in Latam. The card, which will allow customers with their identity verified to make payments with crypto, establishes the country as one of the leading markets for the exchange in Latam behind Brazil and Argentina. Binance Announces Crypto Prepaid Card […]

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Avara’s Lens secures $31M for SocialFi-focused L2 blockchain

Ripple Survey Suggests Latam Merchants Will Adopt Crypto Payments Massively After Three Years

March 6, 2023 Bitcoin.com

Adoption

Latam merchants will be slower in adopting cryptocurrency payments compared to merchants in other regions, according to the latest payments survey conducted by Ripple and the Faster Payments Council. The survey, which polled close to 300 payment leaders at a worldwide level, suggests that massive crypto adoption for payments will solidify in three years. Ripple […]

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Avara’s Lens secures $31M for SocialFi-focused L2 blockchain

Latam Countries Prepare Regional Agreement to Counter Rampant Inflation

March 4, 2023 Bitcoin.com

anti dollar

A group of countries in Latam is preparing a regional agreement to address inflation, a problem common to most nations in the region. The initiative, which is being spearheaded by Mexican president Andres Lopez Obrador, would allow the exchange of products with high prices between the states to lessen the effects of price rises. Latam […]

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Avara’s Lens secures $31M for SocialFi-focused L2 blockchain

Crypto Dominates as Payment Method for Remote Workers in Latam

February 20, 2023 Bitcoin.com

Bitcoin

Most remote workers in Latam prefer to get paid in crypto, according to the latest report from the Deel Lab for Global Employment. The reasons behind the finding are said to be diverse, but include the instability of some of the local fiat currencies, and the influence of high levels of inflation in the region. […]

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Avara’s Lens secures $31M for SocialFi-focused L2 blockchain

Brazilians Will Be Able to Pay Taxes With Crypto

February 13, 2023 Bitcoin.com

banco do brazil

Brazilians will now be able to pay part of their state taxes using cryptocurrencies. Banco do Brazil, a mixed ownership bank, is launching the option of paying a set of taxes with crypto, using Bitfy, a Brazilian cryptocurrency startup, as a payment processor, exchanging the cryptocurrencies paid for Brazilian reals on the fly. Brazilians Will […]

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Avara’s Lens secures $31M for SocialFi-focused L2 blockchain

Binance and Mastercard Launch Crypto Prepaid Card in Brazil as Part of Latam Expansion

February 1, 2023 Bitcoin.com

Argentina

Leading crypto exchange Binance and credit card giant Mastercard have partnered to launch a prepaid crypto-linked card in Brazil as part of Binance’s expansion plans in Latam. The Binance card features 8% cashback for eligible purchases and supports on-the-fly conversion of 13 cryptocurrencies to make payments to local merchants. Brazil Receives Binance Prepaid Card Binance, […]

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Avara’s Lens secures $31M for SocialFi-focused L2 blockchain