Tagged: argentina

Latin America: Digital Assets Exchange OKX to Expand Operations to Argentina

Hong Fan, OKX President, notes that she’s pleased to announce a major milestone in OKX’s global expansion – they have officially launched our leading crypto exchange and Web3 services in Argentina. Given Argentina’s position as one of the “top” crypto markets in Latin America with… Read More

Bitso Releases Data on Crypto Usage with Update on Digital Asset Landscape in Latin America

Bitso —the financial services company powered by crypto in Latin America— released the first edition of its Crypto Landscape in Latin America: Report H2 2023, in which it reveals the importance that “the use of blockchain and crypto assets have gained, both in the region… Read More

Worldcoin and FWB, a Social Network DAO, to Explore What It Means to be Human in AI Age

Worldcoin claims that it was created to help build a more human internet and a more inclusive digital economy. That ethos aligns with the founding principles of Friends With Benefits (FWB), a new kind of social network DAO working with creatives and builders “to platform… Read More

Stablecoin Issuer Circle Talks Partnership with Lemon to Help Users Dodge Inflation in Argentina

Circle, the second largest dollar stablecoin issuer with USDC, has posted a case study on a partnership with Lemon – a crypto exchange in Argentina. Typically, stablecoins are mostly used as on/off ramps for digital assets. Stablecoins are largely digital representations of fiat but can… Read More

Financial Services: Argentina’s Fintech Uala Launches No-Fee Credit Card

Buenos Aires-based fintech firm Uala has launched a no-fee credit card in Argentina, targeting the massive population of unbanked Argentines, according to a Bloomberg report. The company, which is backed by investors George Soros, Steve Cohen, and Tencent Holdings, is offering its no-fee credit card… Read More

New Argentina President Javier Milei Is Pro-Bitcoin and Critical of Centralized Financial Institutions: Grayscale Report

On Sunday November 19, 2023, Argentina elected its next president, Javier Milei, which briefly caused “a noticeable surge in the price of Bitcoin and underscores the direct impact of political shifts on the crypto ecosystem.” Milei is a libertarian who aims to upend the economic… Read More

Latin America: Transfero to Use Finery Markets Crypto ECN Solution to Enhance OTC Digital Currency Liquidity

Transfero, an international financial solutions company and the owner of Brazilian and Argentinian Digital Tokens (BRZ and ARZ), stablecoins pegged to Brazilian Real and Argentinian Peso, deploys Finery Markets’ FM Liquidity Match in order “to offer institutional customers a seamless and robust over-the-counter (OTC) cryptocurrency… Read More

Latin America: Crypto Adoption in Venezuela and Argentina Is Example of Technology’s Unique Value Proposition – Report

Latin America has the seventh-largest crypto economy of all regions Chainalysis studies. it is not far behind MENA, Eastern Asia, and Eastern Europe. Its position compared to other regions has “held relatively steady over the last two years.” Latin America shows the highest preference “for… Read More

Worldcoin Crypto Initiative Is Being Scrutinized by Regulators in Several Jurisdictions

Growing numbers of world governments are beginning to scrutinize the services provided by Worldcoin, which is described as a crypto-related initiative that’s co-founded by OpenAI Chief Executive Officer Sam Altman that was officially launched in July of this year. Nearly 2.3 million consumers throughout the… Read More

WorldCoin Reaches Key Milestone in Argentina Amidst Probe of Crypto Platform’s Operations

Argentina is regarded as one of the world’s “leading” countries for innovation and crypto adoption, according to an update shared by WorldCoin. That reputation was reinforced in August, “as demand for World ID in Argentina drove a new single day record for Orb verifications.” This,… Read More

Latin America: Num Finance, TruBit Announce New Partnership

Num Finance and TruBit have announced a partnership where Num’s “nARS” stablecoin, pegged to the Argentine Peso, will trade on the exchange. Num states that the listing on TruBit is part of a broader strategy to offer a wider range of tools for its users…. Read More

Stablecoin Firm Num Finance Says nARS Trading on Ripio

Num Finance, a stablecoin issuer operating in Latin America, says nARS, a stablecoin pegged to the Argentine peso, is now trading on Ripio. nARS is described as a “key pillar” in the company’s strategy. Num Finance aims to introduce other “real world assets” (RWA) as… Read More

Crypto Platform Bitso Launches QR Payments for Foreigners Visiting Argentina

Bitso, the cryptocurrency platform in Latin America, with more than 6 million users, “will enable users of its app from the entire region who travel to Argentina to pay for their purchases with crypto through QR, a very widespread payment method in the country.” This… Read More

Argentina’s Fintech Uala to Invest $150M in Mexico, Colombia Business Expansion

Argentina-based Fintech firm Uala will reportedly be investing $150 million over the upcoming 18 months in order to support its virtual banking business, primarily in Mexico and Colombia. This, according to company CEO Pierpaolo Barbieri (whose comments came during a recent interview with Reuters). The… Read More

Why Not? One Region in Argentina Allows Citizens to Pay Taxes with Stablecoins

The province of Cuyo in Argentina is allowing citizens to pay their taxes using stablecoins, according to a report in Clarin. Quoting the General  Director of the tax authority (Mendoza Tax Administration or ATM), Nicolás Chávez, the service is enabled by new technology included with… Read More

Latin America based Geopagos Acquires $35M via Round led by Riverwood Capital

Geopagos, the payment acceptance infrastructure that claims to have the most “comprehensive” omnichannel offering in LatAm, recently revealed that it has acquired $35 million in equity funding via a round led by Riverwood Capital, an international investor in high-growth tech firms, along with contributions from… Read More

Visa Introduces Bitcoin (BTC) Cashback Cards in Brazil, Argentina

Visa (NYSE: V) has introduced Latin America’s first crypto cards, through partner firms based in Brazil and Argentina. Working cooperatively with Fintech startups and other companies in the region, Visa will reportedly issue cards that allow consumers to receive Bitcoin (BTC) cashback with each  payment… Read More

Huobi Buys First Latin America-Based Crypto Exchange Bitex

Bitex has been purchased by Huobi Global, according to a company statement. Bitex is the first crypto exchange to operate in Latin America and currently has a presence in Argentina, Uruguay, Paraguay, and Chile. The terms of the deal were not disclosed. Huobi Group already… Read More

Argentina: Crypto Exchange Buenbit Announces Layoffs

Buenbit, an Argentinian crypto exchange that also operates in Mexico and Peru, has announced layoffs due to the sagging market. In a series of Tweets, founder Federico Ogue revealed the news. Querida comunidad,Hoy les vengo a contar una noticia que me duele mucho. Dado un… Read More

Wyre, Stellar Integration to Improve Digital Asset Access for Brazil, Argentina

Cryptocurrency infrastructure provider Wyre has integrated with the Stellar network to effectively onboard local Brazilian and Argentinian currencies into digital assets. Through the integration, Wyre is growing functionality in Latin America and allowing developers and businesses looking to leverage cryptocurrency transactions to expand into new… Read More