The 2TM group of companies, owner of the South American Coin Exchange, Mercado Bitcoin, has opted to lay off part of its Staff to cut costs to sustain the business in the ongoing bear market. The Bitcoin Portal, a crypto-focused blogging website owned by 2TM, stated, “The company relieved fifteen percent of its employees of…
On Thursday, MercadoLibre, a Latin America-based e-commerce firm, announced the launch of its token, the MercadoCoin. The company would use this token on the company’s loyalty program. MercadoCoin Would Be Available From August 18th According to Reuters, the cryptocurrency will run as an ERC-20 token on Ethereum’s blockchain. The price for each token would be…
XP, the largest brokerage firm in Brazil, has decided to offer cryptocurrency trading services. The company will allow clients to trade crypto on its Xtage platform beginning in August. Meanwhile, the company stated that it would only allow trading of BTC and ETH in August. However, the brokerage will add other digital assets by 2023….
A major payment industry giant, Visa has taken another giant stride. The company has launched several crypto-supported cards while partnering with startups in LatAm. Visa Issues Crypto-Supported Cards Currently, several payment firms are showing interest in the crypto industry. Visa, a leading payment company, has launched a crypto-supported card for users in LatAm. The purpose…
Federal Police has been authorized by the Brazilian Government to use full force against activities of money laundering taking place on the basis of cryptocurrencies. Police have been asked to initiate a full-scale crackdown operation against such activities in an effort to bring the criminals before trial. So far operations are going on in 5…
Coinbase, alongside one of the major partners of Ripple based in Japan, has decided to provide assistance to a crypto firm based in Brazil that was founded by a former Microsoft executive. The assistance comes in the form of $26 million, an amount that can certainly be helpful if utilized in the proper way. The…
In news relating to Ripple that is not about their ongoing legal battle with the SEC, two of their major clients by the names of Banco Rendimento and MoneyNetint have recently made headlines after they announced that they are going to be making much cross-border payments on behalf of small and medium enterprises (SME) in…
According to news making the rounds, Ripple, parent company of the XRP crypto recently held a closed-door meeting with high ranking officials of the Central bank in Brazil. According to the statement released by the premier bank of the South American country, President of the bank, Roberto Campos Neto held the meeting via a live…