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“Raising these funds in such a complex and challenging market deepens our confidence in Parfin’s market strategy, technology, and products,” said Marcos Viriato, CEO and co-founder of Parfin. “As the leading digital asset infrastructure solution in Latin America, we plan on using these funds to both solidify our lead and
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Inflation, cross-border payments, assets tokenization and nonfungible tokens (NFTs) were among the major drivers for crypto adoption across Latin America in 2022, sources in the region told Cointelegraph, with exciting examples of progress across many countries. Latin America made up 9.1% of the global crypto value received in 2022, reaching $562
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At the World Digital Mining Summit in Cancun, Mexico, last month, Bitmain, the world’s largest bitcoin mining rig manufacturer and the host of the conference, touted Latin America, particularly Paraguay and Argentina, as promising countries for mining. About a quarter of the conference was dedicated to the topic of “Latin
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Grupo Nutresa, which trades on the Colombia stock exchange, generated $3.1 billion in revenue in 2020 and has been expanding internationally in recent years. It sells products in 78 countries via eight business units, including meats, coffee, ice cream and pasta. Source
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After opening an office in São Paulo, the company now plans to offer execution, settlement and liquidity solutions to clients in the South American country. Original Source
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The avatar NFTs, called “Lemmys,” are unique and randomly generated when users activate them. For now, they cannot be modified, traded or purchased, although it will be possible in the near future, Cavazzoli stated, adding that more than 400,000 of the million users have claimed their NFTs. Source
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Interest in Web3 continues to grow despite the crypto bear market. A recent article from McKinsey noted that venture capital investments in Web3 exceeded $18 billion during the first half of 2022. Findings from Cryptox Research also show that Web3 attracted the most interest from venture capitalists in comparison to
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Remittance payments, fiat fears, and profit-chasing have been the three most significant drivers of crypto adoption in Latin America, according to a new report. The seventh-largest crypto market in the world saw the value of cryptocurrencies received by individuals rocket 40% between July 2021 to June 2022, reaching $562 billion,
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Users of Lemon will be able to purchase up to two tickets per person and receive 50% cashback in bitcoin. Source
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This year’s 64th Latin Grammy Awards will have its first-ever nonfungible token (NFT) collection after the Latin Recording Academy signed a three-year contract for award show-related NFTs.The aforementioned partnership is between the Latin Recording Academy, which is behind the Latin Grammys, and OneOf, a Web3 music platform. Each collection, which
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