Tagged: brazil

Allied Wallet Adds New Payment Options to Online Payment Processing Platform to Service Brazil Customers

Allied Wallet, a UK-based provider of online payment processing offering various payment solutions in nearly 200 countries around the world, announced on Monday it recently added several new payment options to their platform to service the growing demand of alternative options in Brazil and abroad. According to Allied… Read More

China: WeiyangX Fintech Review

Alibaba Submits Blockchain Patent Applications that Allow “administrative intervention” On October 6th, Chinese e-commerce giant Alibaba applied for a blockchain system patent, allowing third-party administrators to perform “special treatment” (e.g. suspend a smart contract or freeze an account associated with an illegal activity). For example,… Read More

Adjunct to Its Investigation of Banks, Brazil Antitrust Body Orders Crypto Exchanges to Answer Survey or Face Large Fines

Ten Brazilian cryptocurrency exchanges and one OTC (over-the-counter/private) dealer have until the 19th of October to answer a questionnaire from that country’s anti-trust authority, and could face fines of up to  $25 000 USD if they fail to respond, Portal do Bitcoin reports. The Brazilian… Read More

Brazil Antitrust Authority Investigating Possible Bank Suppression of Crypto Industry

Brazil’s antitrust body, the Administrative Council for Economic Defense (CADE)  has launched an investigation into whether or not Brazilian banks have been, “abusing market power to undermine the performance of crypto-currency brokers,” Reuters reports. The Brazilian Association of Cryptomoedas and Blockchain (ABCB) reportedly requested the investigation… Read More

BitCapital Partners With Pundi X to Bring 1,000 Cryptocurrency Point-of-Sale Terminals to Brazil

BitCapital, a blockchain company with operations in OTC markets, has teamed up with Pundi X to bring 1,000 cryptocurrency point-of-sale (POS) terminals to Brazil. According to Pundi X, the terminals will be rolled out to hundreds of venues in Brazil.  While sharing details about the partnership, Zac Cheah, CEO… Read More

Brazilian Government Sends 14-Point Operations Questionnaire to Local Crypto Exchanges

For the past two weeks, the Brazilian government has been sending questionnaires to the country’s crypto exchanges soliciting information about their operations, Portal do Bitcoin reports. The requests for info have been being sent through the exchanges’ online contact forms, and the notices are signed by a… Read More

Bitcoin and Crypto Hostel Opens in Scenic Paraty, Brazil

A new bitcoin and crypto-themed hostel has opened in the historical beach town of Paraty, Brazil, Portal do Bitcoin reports. Rooms, meals and tours at “Hostel Bitcoin” can presently be paid for using regular currencies or bitcoin, though hostel proprietor, Alessandro Santos, says he plans… Read More

Wirecard Announces Digital Financial Service Expansion to Brazil

Germany-based global provider of digital payments and commerce solutions Wirecard announced on Monday it is set to launch its digital finance service into Brazil. Wirecard reported that Wirecard Brazil, which will allow transfers, bill payments, card usage, and loans, is set to make its debut this October…. Read More

Nova Credit Expands into Latin America: Solving Credit Access for Immigrants, One Country at a Time

Nova Credit, started as a Stanford graduate research project in 2015, has quickly gained ground as a cross-border credit reporting agency aiming to solve the problem of credit access for immigrants and underbanked.  The platform will begin serving immigrants from South America through partnering with the Brazilian credit bureau… Read More

Brazilian Utility EDP Implements Blockchain for Distributed Electricity Generation

Energias de Portugal (EDP), a leading company in the Brazilian electric production sector, has become the first in the market to use blockchain technology for the measurement and recording of energy consumption and distributed generation coming from its consumers. While blockchain, or distributed ledger technology… Read More

Brazilian Court Temporarily Restores One of Four Walltime Crypto Exchange Accounts Closed by Banks

Operators of the Walltime cryptocurrency exchange in Brazil have won a preliminary injunction forcing Caixa Economia Federal (bank) to restore Walltime’s access to its account, Portal Do Bitcoin reports. According to Walltime lawyer Graziela Brandão, Caixa Economia Federal shuttered the Walltime account without notice or… Read More

Ripio Claims First Marketplace to Trade ETH for Brazilian Reais & Argetine Pesos

Ripio, previously doing business a BitPagos before a rebrand, has integrated Ethereum, becoming the first cryptocurrency wallet that allows the purchase and sale of Ethereum in both Argentina and Brazil. Sebastián Serrano, Founder and CEO of Ripio, said the addition of Ethereum will open their door to… Read More

Global Expansion Continues: Huobi Crypto Exchange Establishes Foothold in Brazil

In a recent conversation with Brazilian nationals, including a bank manager and an accountant, I was told that Bitcoin is “not popular” in Brazil. That may be about to change. Brazilian site Portal do Bitcoin have reported that representatives from the third largest cryptocurrency exchange… Read More

Brazil Fintech Nubank Launches Facial Biometrics “AccessoBio”

Brazilian fintech startup Nubank announced earlier this week the launch of its new facial biometrics feature, AccessoBio. According to various reports, the fintech firm will now use the AccessoBio tool to help prevent identity fraud in credit card transactions. ZDNet noted that Nubank believes the introduction of… Read More

Santander InnoVentures Moves into Brazil with Creditas Series-C Investment

Santander InnoVentures, the fintech venture capital fund of Santander Group, has invested in the startup Creditas, a leading Brazilian secured lending platform. Creditas is Santander InnoVentures, Santander’s USD 200 million corporate VC fund, first investment in Brazil and second in Latin America. Creditas increased of… Read More

Santander Launches International Blockchain-Based Money Transfer Service Across Spain, UK, Brazil, & Poland

Santander announced on Thursday the launch of its new international payments service using blockchain-based technology. The service is available to retail customers in Spain, UK, Brazil, and Poland, and will be rolled out across more countries in the coming months. According to Santander, the new… Read More

Brazilian Marketplace FinanZero Secures $3.6 Million Through Series A Funding Round

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FinanZero, a marketplace for consumer loans in Brazil, announced on Monday it raised $3.6 million through its Series A funding round, which was led by  Swedish publicly listed investment company, Vostok Emerging Finance, with participation by other Swedish investors, including Webrock Ventures and Zentro Founders. Founded in 2015 and launched in 2016, FinanZero describes… Read More

Precedent: Tokens as Securities Under Brazilian Law & Brazil’s Securities and Exchange Commission

Late last year, the Brazilian Securities and Exchange Commission (Comissão de Valores Mobiliários or CVM) spoke about initial coin offerings (ICOs). At that time, the CVM published a frequently asked questions-like notice (see here). The FAQ lays down some introductory aspects on the subject, conceptually… Read More

Brazilian Mobile Payments Platform RecargaPay Secures $22 million Through Series B Investment Round

On Thursday, Brazil-based mobile payments platform RecargaPay announced it secured $22 million through its Series B investment round. According to the company, New investors include IFC, a member of the World Bank Group, TheVentureCity, and Ventech.  Reportedly, entrepreneurs Fabrice Grinda and Martin Varsavsky and more than 100 angel… Read More

Brazilian Fintech EBANX Secures $30 Million Investment From FTV Capital

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Brazilian fintech EBANX announced on Wednesday it has secured a $30 million investment from FTV Capital. The company states it is focused on helping global merchants grow exponentially and increase revenue in Latin America by offering end-to-end local payments solutions, which allows businesses to sell to… Read More

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