This country accepts more retail crypto transactions than anywhere else in La...

This country accepts more retail crypto transactions than anywhere else in La...

Venezuela may have the most crypto volume, but this country bests all of Latin America when it comes to retail crypto transactions. A recent study showed that Latin America represents 7% of the entire global cryptocurrency economy. Out of that segment, Mexico has captured almost 11% of all retail crypto payments since July 2019.El Economista cited research by Daniel Cartolin, a development representative from the blockchain analytics firm Chainalysis, which showed that the region has received $24 million in retail crypto transactions and sent $25 million to other continents over the past....


Related News

CoinJar Launches Bitcoin Debit Card Trial

CoinJar is set to begin a national trial of a bitcoin-to-debit card system called Swipe, which can be used to pay at any store that accepts electronic payments and to withdraw cash at some ATMs. The Australia-based exchange and payment processor's debit cards will work on the country's electronic funds transfer at point of sale (EFTPOS) network, which is supported by all major banks and has 826,769 payment terminals nationwide. "CoinJar Swipe is our way of making bitcoin accessible to everyone," Asher Tan, CEO of CoinJar, told CoinDesk, adding: "Swipe lets CoinJar customers spend their....

Retail buyers made up more than 80% of NFT transactions in 2021: Chainalysis

Chainalysis has determined that most NFT transactions so far this year were from retail buyers, but the big volumes were driven by collectors and institutions. More than 80% of all nonfungible token (NFT) transactions were worth less than $10,000 in 2021 according to Chainalysis which categorized them as "retail" in recent research.A Dec. 6 report from blockchain analytics firm Chainalysis titled “The 2021 NFT Market Explained” detailed NFT transaction trends throughout 2021. Researchers at Chainalysis studied on-chain data between January and October 2021. While retail transactions....

Youth Fashion Retail Chain Pacsun Now Accepts 11 Cryptocurrencies

On October 5, the youth fashion and retail brand Pacsun announced the company is now accepting cryptocurrencies via Bitpay’s payment services. Pacsun says the company has a youthful audience that is “very tech-oriented” and the firm has seen an “increasing desire towards cryptocurrency.” Pacific Sunwear of California Goes Crypto The American retail clothing brand, Pacific Sunwear of California, LLC, otherwise known as Pacsun, is now supporting crypto-asset acceptance. Founded in 1982, Pacsun has roughly 400 stores in all 50 states and in Puerto Rico. The....

Croatia’s largest supermarket chain now accepts crypto

While it now accepts crypto online, Konzum plans to expand the new payment option to its physical chain stores soon. Konzum, the largest supermarket chain in Croatia, is keeping up with the times by debuting payments in cryptocurrencies like Bitcoin (BTC).The company officially announced on Monday that it now accepts nine cryptocurrencies for payment in its online store, allowing customers to use crypto to buy groceries, hygiene products and household supplies.According to the announcement, the supported cryptocurrencies include Bitcoin, Ether (ETH), Bitcoin Cash (BCH), EOS (EOS), Dai....

Pizza Hut Venezuela Now Accepts Crypto Payments

The Venezuelan arm of the restaurant chain now accepts dash and bitcoin through CryptoBuyer.