Brazil Rolls Out National Digital ID Powered By Blockchain
Brazil is at the forefront of a new era in digital identity verification, leveraging blockchain technology to revolutionize their identification systems. This strategic move is driven by the pursuit of enhanced security, efficiency, and streamlined processes for their respective populations. In Brazil, the government has unveiled plans to integrate blockchain technology into its national identity […]
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Picpay, a payments and wallet app, is now providing cryptocurrency services to more than 30 million users in Brazil. The company, that had announced this rollout last month, now allows its customers to purchase, hold, and sell digital assets from its platform. The organization partnered with Paxos, the issuer of the pax dollars stablecoin, in order to provide these services.
Picpay Launches Crypto Trading Services in Brazil
Fintech companies are introducing crypto as a way of getting their customers acquainted with cryptocurrency as an alternative investment opportunity. Picpay,....
The Central Bank of Brazil and Fenasbac, the National Federation of Associations of Central Bank Servers, decided to select nine projects to monitor and support their different proposals for the application of a hypothetical Brazilian central bank digital currency (CBDC), the digital real. Projects from companies and organizations like Aave, Banco Santander, and Mercado Bitcoin were selected to be developed as examples of how a digital real could be used.
LIFT Challenge Selects Nine Digital Real Projects
The LIFT challenge, an initiative organized by Fenasbac and the Central Bank....
The sovereign national digital currency will be based on national fiat and would have a fixed supply quite similar to Bitcoin. The president of the Central Bank of Brazil confirmed that the country’s sovereign digital currency pilot will go live this year, Cointelegraph Brazil reported.The confirmation about the central bank's digital currency came during an event on Monday, where Roberto Campos Neto, the president of the Central Bank of Brazil, noted that a pilot CBDC program could go live in the second half of this year.The value of the upcoming CBDC would be pegged against the national....
Today BTCFlow has launched the first institutional exchange in Brazil, Latin America’s largest economy. “The digital currency market in Brazil is still in its infancy,” said Marcelo Miranda, founder of BTCFlow. “However, we are seeing aggressive growth and adoption in other markets, and have no doubt Brazil will follow suit.” BTCFlow was founded by Marcelo Miranda, a nine-year veteran of the Brazilian division of Deutsche Bank. While at Deutsche, he was the head of equity trading for Brazil. Spanning all of his career, he has accumulated over 15 years in finance and technology.
There's a brand-spanking-new bitcoin ATM available for bitcoin enthusiasts available in Brazil, according to a Tuesday announcement from San Diego-based Genesis Coin. Deployed by Coinverse, the Genesis1 ATM is located at the Shopping Nações Unidas at the World Trade Center building in São Paulo, Brazil. Coinverse starts their operations during a time when the world's eyes are fixed on Brazil with the ongoing World Cup games. "This launch comes at an ideal time and place to bring convenience and flexibility to the large number of international tourists who will be visiting Brazil during....