Crypto Payments Steal the Limelight as Brazil MP Files a Bid to Legalize BTC,...
Cryptocurrency payments haven’t garnered as much media attention as NFTs or DeFi – until now. As major players like MasterCard and AMC expand their crypto support and more governments consider making crypto legal tender, leading processing companies such as CoinsPaid are reporting record increases in transaction volumes. Hold, spend, or convert into fiat: the choice […]
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On Tuesday, February 22, 2022, Brazil initiated a framework to legalize cryptocurrency in the local market. The initiative could be a milestone for the growth and development of digital cryptocurrencies in Brazil. The Brazilian Senate’s Economic Affairs Committee collectively passed a bill regarding crypto regulation, establishing a path of voting at Senate and after that […]
Members of the State Duma are now working on amendments that will permit the use of cryptocurrency as a contractual means of payment. Digital financial assets are regarded as property under Russian law and the changes will legalize crypto payments between parties to a contract. State Duma to Amend Civil Code to Legalize Contractual Crypto Payments The lower house of Russia’s parliament, the Duma, is gearing up to remove barriers to using cryptocurrencies in contract payments. The proposals are subject to an ongoing review but according to the chairman of the Committee on....
Brazil is making strides toward the integration of Bitcoin into its economy. The National Congress has recently introduced a new measure that aims to enable employees to receive a portion of their salaries in cryptocurrency. Related Reading: Ethereum Needs A Leader—Or Its Future Could Be In Jeopardy, Ex-Engineer Warns Luiz Philippe, a former federal deputy […]
Picpay, one of the most popular payments fintech companies in Brazil, has announced that it will start including cryptocurrency services in its app. The company explained that these services will include the possibility of purchasing crypto and processing payments with crypto directly. Picpay follows the actions of companies like Nubank and Mercado Libre, which have also started offering crypto services recently.
Picpay to Allow Customers to Use Crypto From App
More fintech-based companies are now approaching crypto as a way of extending their service offering for their....
Many freelancers living in Brazil are making a living online, yet collecting payments can be a struggle depending on the recipient’s access to financial services. BitWage is on a roll as of late, and the company announced blockchain-based payroll processing and invoicing services for Brazilian customers. Given the company’s focus on international payments, Brazil can be a huge market for Bitwage. With many freelancers active in the country, offering alternative methods of getting paid becomes even more necessary. What makes the invoicing solution provided by BitWage so appealing is how....