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Argentine Foreign Minister Santiago Cafiero referred to the advantages the issuance of a Latin American common currency would give Argentina. Cafiero stated that the existence of such a currency would relieve the stress that the country is currently facing regarding the state of its foreign reserves and the devaluation of
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"Our mission is to unlock a borderless economy with financial products that are accessible and easy to use and that allow our customers to use their money efficiently," CEO Nik Stronsky said. "We will start with the global account and crypto investments, but this is just the beginning." Source
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Russia’s president, Vladimir Putin, has slammed the actions of the elites in the U.S. and Europe, stating that they do not always act in the best interest of their own people. “It will backfire on them,” he said. Putin also called for a cohesive response to the West’s economic aggression,
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Meanwhile, Central, Northern and Western Europe are the largest crypto economies worldwide thanks to DeFi, NFTs, and growing regulatory clarity, with a lower daily usage for stablecoins.“The new regulation affects all players such as service providers, token and stablecoin issuers who need to apply for licenses to operate and a
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The minimum amount to start trading BTC and ETH in Chile is 50 Chilean pesos (equivalent to about 6 cents). The service is provided by Mercado Libre in partnership with Latin American crypto company Ripio. Mercado Libre Inc (NASDAQ: MELI), the largest e-commerce company in Latin America with a market cap of $61.56 billion,
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“Entering the crypto business is another step to continue transforming and expanding access to financial services in Chile and Latin America,” said Matías Spagui, senior director of Mercado Pago in Chile. “Through this new service, we seek to give millions of Chileans access to the crypto world in an educational,
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“We know that the world of cryptocurrencies is already a reality and, therefore, from this alliance, all Despegar customers in Argentina will be able to approach this universe in a friendly way,” Paula Cristi, general manager of Despegar for Argentina and Uruguay, said in a statement. Source
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Mastercard’s portfolio of crypto partnerships in Latin America also includes Binance, Belo and Buenbit. Source
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Credit card giant Mastercard has teamed up with the world’s largest crypto exchange to launch another prepaid crypto card in Latin America.On Jan. 30, Binance announced the launch of the Binance Card in Brazil. The new card is issued by Dock, a payment institution regulated by Banco Central do Brasil,
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“In Latin America, the countries with the highest levels of inflation are the ones that run the fastest towards cryptocurrencies,” said Mauricio Di Bartolomeo, co-founder of Ledn, a Canada-based lending platform with more than 125,000 users, half of whom are based in Latin American countries. “In 2023 stablecoin adoption
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