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“# El Salvador relaunches Chivo wallet, plans to deploy 1,500 Bitcoin ATMs ” El Salvador, the first country to adopt Bitcoin (BTC) as a legal tender, has relaunched its in-house Chivo wallet to address the existing challenges of BTC transfers locally. With AlphaPoint integration, the updated Chivo wallet is expected to carry out instantaneous low-fee…
“# El Salvador buys its cheapest 410 Bitcoin as prices reach $36k ” The Central American country of El Salvador has added 410 Bitcoin (BTC) to its central reserve as BTC prices trade below $37,000, a price last seen on July 26th, 2021. The fresh addition to El Salvador’s BTC reserve was announced by President…
“# 2021: A year of mass adoption for cryptocurrencies in Brazil ” Throughout 2021, the Brazilian cryptocurrency market managed to distance itself from the police pages and finally win acceptance with the general public, whether in the financial market or even in the greatest national passion: soccer. Last year, Bitcoin (BTC) acted as a strong…
“# Mercado Bitcoin operator acquires Portuguese crypto exchange ” Brazilian 2TM Group, the operator of Latin America’s largest cryptocurrency exchange, Mercado Bitcoin, is moving to expand its global footprint with a strategic acquisition in Portugal. The company officially announced Wednesday the acquisition of a controlling stake in CriptoLoja, a Lisbon-based crypto exchange licensed by the…
“# Tribal Credit raises $40M in ‘hybrid’ debt round funded by dollars and stablecoins ” Crypto-focused enterprise payment platform Tribal Credit has concluded a $40 million debt offering that was funded through fiat and stablecoins — giving the company additional capital to expand its business services in Latin America. The so-called hybrid debt round was…
“# Santo Blockchain to deliver 50 Bitcoin ATMs to Panama ” Panama is doing its best to keep up with El Salvador’s Bitcoinization with the installation of 50 Bitcoin (BTC) ATMs in 2022. Thanks to Santo Blockchain, 50 of the planned 300 ATMs will begin shipping to Latin America in early 2022. A vertically integrated…
“# Volatility, hyperinflation and uncertainty: How everyday Venezuelans are using stablecoins to protect their livelihoods ” Last month, Cointelegraph interviewed Reserve CEO Nevin Freeman and the payment decentralized application’s community manager Yens Michiels about the company’s mission to provide access to stable currencies. More recently, Cointelegraph spoke to a couple of users based out of…
“# Tribal Credit taps Bitso and Stellar to enable cross-border B2B payments ” Enterprise payment platform Tribal Credit has partnered with Latin American crypto exchange Bitso and the Stellar Development Foundation to create a new cross-border payment service for businesses, opening the door to broader use cases for blockchain technology in the region. The new…
“# Gemini partners with Colombia’s biggest bank for crypto trading ” New York-based crypto exchange Gemini has announced that it will be expanding into Latin America through an upcoming partnership with Colombia’s largest bank, Bancolombia. The partnership will take effect Dec. 14, and will permit customers from Bancolombia to trade 4 crypto assets: Bitcoin (BTC),…
“# Blockchain.com acquires SeSocio to cement presence in Latin America ” Major cryptocurrency wallet and data service Blockchain.com is expanding in Latin America by acquiring SeSocio, a major crypto company based in Argentina. One of the biggest investment platforms in Latin America, SeSocio will now merge with Blockchain.com to help them scale operations across the…