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Latin America

Distrust of the Bolivar Prompts Venezuelans to Seek Sound Money

<header class=”article__header”> </header> <strong>There’s a small team of committed researchers and activists called the Ryver Bitcoin Cash group surveying Venezuelans, and giving them educational resources about the benefits of bitcoin cash. The Venezuelan country has been suffering from rapid inflation and many people distrust the sovereign bolivar. Unfortunately, most Venezuelans are not getting any exposure …

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Crypto News From Brazil and Portugal: Aug. 24-31 in Review

This week saw major expansion of crypto payments in Brazil, new standards freeing Bitcoin from Portuguese taxes, and the allegedly fraudulent Grupo Bitcoin Banco’s refusal to pay clients their deposited funds.  Brazil’s central bank announced that it would classify cryptocurrencies according to International Monetary Fund (IMF) guidelines on Aug. 26. With the new classification under …

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Venezuelan Pharmacy Chain Accepts Bitcoin Cash for Medicine and Products

</header> <strong>On August 26, a pharmacy chain in Venezuela called Farmarket revealed it now accepts cryptocurrencies through the payment provider Xpay, a subsidiary of Panda Group. Arley Lozano, Panda Group’s founder, explained how Farmarket’s pharmacy franchise has 22 stores located across the country and machines will allow people to purchase goods and medicine with cryptocurrencies …

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Market Update: Economists Envision Global Recession While Crypto Prices Soldier On

<header class=”article__header”> </header> <strong>Last week cryptocurrency prices bounced around after a majority of coins dropped in value on August 21. Today on August 26, digital currency markets have gained around 1.52%, gathering $4 billion since the initial slump. Despite the volatility, cryptocurrencies have consolidated and a few speculators believe a breakout is on the cards …

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Bitex Partners With Bantotal For More Cross-Border Payments in Latin America

Bitcoin (BTC) exchange Bitex has partnered with Uruguay-based financial software company Bantotal in order to expand it cross-border payments system on the Bitcoin blockchain to Latin America. CoinDesk announced the companies’ new partnership in a report on Aug. 13. According to the report, the upshot of this partnership is that Bantotal’s clients will have access …

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PR: Uruguayan President Meets With the Founder of SCRY

<header class=”article__header”> </header> <small><i>This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.</i></small> Uruguay, nicknamed South America’s Switzerland, has always taken a positive attitude towards the development of …

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Panda Group’s Crypto Terminals Offer Venezuelans a Bridge to Economic Prosperity

<header class=”article__header”> </header> <strong>Arley Lozano, founder of the cryptocurrency based startup Panda Group, recently explained how his firm is spreading cryptocurrency adoption throughout Colombia and Venezuela. Panda Group has deployed 10 hybrid cryptocurrency point-of-sale (PoS) terminals that also act as automated teller machines (ATM). Four of the machines are situated near the border of Venezuela, …

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John McAfee Offers to Build Cuba’s First Cryptocurrency

The cybersecurity expert and tech entrepreneur John McAfee recently declared his willigness to work with Cuba’s government as a crypto advisor. McAfee declared his intentions soon after Cuba’s government officials revealed their intention to develop a cryptocurrency to be used to avoid economic sanctions imposed by United States. According to Reuters, McAfee assured that the cryptocurrency project …

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Latin America and Turkey Have the Most Cryptocurrency Users, Poll Shows

</header> <strong>Cryptocurrency usage has been expanding globally and a new survey confirms that trend. The poll conducted by Statista shows that the citizens of troubled countries tend to exploit the benefits of decentralized digital money far more readily than the citizens of thriving nations. </strong> Also read: VPN Providers Defy Order to Connect to Russia’s …

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Bitcoin Hits All-Time High Versus Argentine Peso Amid Presidential Election Risks

The biggest cryptocurrency, bitcoin (BTC), has hit an all-time high versus the Argentine peso amid the ongoing decline of the currency, Financial Times (FT) reports on May 27. According to the report, the bitcoin price has soared to as high as 394,000 pesos ($8,762.95 at press time) per coin, exceeding prices versus the Argentine peso …

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