Crypto Remittances Prove Their Worth in Latin America
Crypto remittances are growing in Latin America, particularly in the wake of other remittance platforms shutting off access to some markets.
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Is Latin America in the eye of the storm that’ll reshape the world? The region certainly benefits from the existence of Bitcoin and other cryptocurrencies. Latin America needs hedges against inflation and a quick and easy way to send remittances. The cheaper the fees, the better. And when you truly need something, you’re bound to […]
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....
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 […]
A new price comparison site hopes to boost bitcoin remittances in Latin America by placing traditional and digital currency-based services side by side. Mondome, which has already partnered with exchanges such as Bitso, MexBT and Ripio, has been designed to let people understand bitcoin's benefits by letting them to compare it with other existing payment methods. Pelle Braendgaard, co-founder at Mondome, said: "Bitcoin is clearly a great technology for remittances. However, for most people there are no alternatives to the two or three remittance companies you see signs for every day on the....
El Angel, Monumento a la Independencia. Bitcoin exchange meXBT has launched a professional trading platform for cryptocurrencies in America. The company which is based in Mexico is led by a team of pioneers who are powering the transformation of the digital currencies in Latin America. Announcing the launch of the trading platform which will be based in Mexico City and operating in Latin America, meXBT said that the exchange will be known as the 'The Crypto Exchange of the Americas'. The exchange was launched Sunday November 2, 2014 at the Money 20/20 meet in Las Vegas. Speaking at the....