Brazil's Tecnisa Becomes the Biggest Bitcoin Merchant in Latin America
Brazil-based real estate developer Tecnisa has announced it is now accepting bitcoin, making the company Latin America's largest cryptocurrency-accepting merchant by annual revenue. Figures from the CoinDesk State of Bitcoin Q3 suggest that its revenue figures put Tecnisa among the top 10 largest bitcoin-accepting merchants globally. The publicly traded company boasted net operating revenue of 1.8bn reals in 2013 (approximately $728m). Founded in 1977, Tecnisa has long been at the forefront of integrating new technologies into its platform, becoming one of the country's first merchants to....
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Are you looking to buy real estate in Brazil? It is now possible to do so using Bitcoin. TECNISA, a Brazilian real estate company based in Sao Paolo, accepts bitcoin. In addition, TECNISA provides incentives to its clients to use bitcoin. For example, for every R$ 10,000 (approximately 10.5 BTC) paid in bitcoin you get a discount of 5%, which works out to R$ 500. To enable bitcoin payment TECNISA has partnered with Bitinvest, a financial services provider based in Sao Paolo. Flavio Pripas, Bitinvest's CEO, said: "We offer through our platform faster, cheaper, more secure and transparent....
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Typical Latin America. The region as a whole is having a love/hate relationship with cryptocurrencies. On the one hand, apparently, crypto remittances in Brazil, Argentina, and Venezuela grew 900% last year. On the other, Mexico and Peru’s Central Banks are actively working in their CBDCs. Which way will the scale tip? The jury’s still out […]
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