The debit card was made possible thanks to an alliance with a Spanish neobank Bitcoin (BTC) P2P marketplace Paxful has partnered with Spanish neobank Bnext to launch its first crypto debit card in Mexico. The partnership will allow Paxful’s Mexican customers to use their crypto funds to pay with a debit card in any national…
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The results could be a good sign for the proliferation of distributed technology. A report called “Encryption Trends in Mexico 2020/2021” surveyed a total of 353 representatives from companies throughout Mexico. The study, published by privacy research center the Ponemon Institute, indicated that 40% of the Mexican companies surveyed were looking to adopt blockchain and…
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Venezuela may have the most crypto volume, but this country bests all of Latin America when it comes to retail crypto transactions. A recent study showed that Latin America represents 7% of the entire global cryptocurrency economy. Out of that segment, Mexico has captured almost 11% of all retail crypto payments since July 2019. El…
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The traditional banking sector is lagging behind in the race with crypto. Mexico’s Financial Intelligence Unit recently published the results of its second National Risk Assessment. The report highlighted that the risk of money laundering in the banking sector far surpasses the issues encountered by fintech companies. According to El Economista, the so-called “G7 banking”…
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Crypto exchange Taurus will offer the first crypto debit card backed by Dash in Latin America. Dash has partnered with Mexican cryptocurrency exchange, Taurus.io, to release the first crypto Visa debit card in Latin America. The offer will initially only be available to Taurus’ customers in Mexico. The card will work at millions of stores…
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Numerous emerging crypto markets are showing dramatic growth in P2P trade, with India and Ghana producing enormous growth during 2020. Half a dozen emerging markets have established new records for weekly peer-to-peer (P2P) Bitcoin (BTC) trading, including India, Ghana, the Philippines, Argentina, Mexico and Egypt, according to data published by Useful Tulips. India comprised the…
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Two promoters of $4 billion crypto exit scam OneCoin have been found dead in Mexico. Two promoters of a major cryptocurrency exit scam, OneCoin, have been found dead in Mazatlan, Mexico. Oscar Brito Ibarra and Ignacio Ibarra, two major OneCoin promoters, were apparently kidnapped and killed in Mexico, Cointelegraph en Español reported on Tuesday. According to…
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Ripple and Coinbase-backed cryptocurrency exchange Bitso has topped Argentina’s crypto market in the six months after launch. Bitso, one of the biggest cryptocurrency exchanges in Latin America, has hit 1 million users prior to its upcoming launch in Brazil. Santiago Alvarado, director of cross-border payments at Bitso, discussed the latest developments in leveraging crypto for…
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OKEx partners with major LATAM digital settlement network to unlock crypto purchases with three local currencies. OKEx, a major global cryptocurrency exchange, is embracing the Latin American crypto market by launching a fiat gateway for three local currencies. According to a July 3 announcement, OKEx users can now buy Bitcoin (BTC) and Ether (ETH) in…
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A crypto exchange from Mexico has launched an initiative to gather COVID-19-related donations through cryptocurrencies. Mexican cryptocurrency exchange Bitso joined forces with the crowdfunding platform Donadora to launch a crypto-based donation system. The platform will help gather funds to buy food for the most vulnerable families affected by the COVID-19 crisis. According to a report published by El Heraldo…
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