Colombia’s Poor Banking Infrastructure Great Potential for Bitcoin
The South American country of Colombia has a crumbling financial system but the bitcoin market has enormous potential. Bitcoin.com interviewed SurBTC’s CEO Guillermo Torrealba about the bitcoin market in Colombia. Colombia has Enormous Potential. SurBTC operates bitcoin exchanges in Chile and Colombia. The company launched the Colombian exchange at the....
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Bill and Melinda Gates Foundation (Gates Foundation) has in its 2015 Gates Annual Letter explained their "BIG BET" of improving lives of people living in poor countries within the next 15 years. This change in 15 years will be faster than any other point in history along the same time span. In this letter, they call for people to join their cause to accelerate the progress and create a big impact across the world. As a part of this initiative, they aim to create unprecedented opportunities to people in poor countries to access education, eat nutritious food and reap benefits from mobile....
Colombia just elected a new president, and Bitcoin is the hope of both his followers and worried opposition. Who Is Gustavo Petro? As per the NYTimes, only 58% of Colombia’s 39 million voters showed up to cast vote. With over 50% of the vote, Gustavo Petro was elected president. This is a major event for […]
This year, remittance-demanding countries including Ghana, Malaysia and South Africa dominated search engine searches for the keyword bitcoin. Interestingly, countries that represent the highest bitcoin search engine inquiries in 2016 have either poor financial infrastructures or strict regulations on capital outflow. Users from Nigeria scored the....
While the agricultural sector is among the industries standing to benefit the most from blockchain tech, poor access to infrastructure has been holding the industry back. While the agricultural industry stands to reap enormous efficiency savings through the adoption of distributed ledger technologies, many farmers lack the digital infrastructure to support the integration of blockchain solutions.Speaking as part of Australian Blockchain Week on April 21, Bridie Ohlsson, the CEO of digital agricultural infrastructure provider Geora, discussed the challenges associated with fostering DLT....
One of the largest banks in Colombia, Banco de Bogotá, will pilot crypto services as part of a regulatory sandbox project. Colombia’s oldest commercial banking institution, Banco de Bogotá, is reportedly exploring cryptocurrency-related services.According to a report by local news agency Portafolio, Banco de Bogotá announced Monday that it will participate in a pilot project directed by the Superintendencia Financiera de Colombia, the country's top financial regulator. The project will be run within a regulatory sandbox — dubbed la Arenera — which was approved by the Ministry of Finance....