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Sunday, May 18, 2025

Distrust in state-backed currency sows crypto adoption in Latin America - Axios

The crypto establishment is making headway in some corners of Latin America, where adoption would appear poised to accelerate.
Why it matters: The U.S. is the financial capital of the world. But there is a future in which crypto adoptees in Brazil and Argentina, for example, drive the utility of digital assets farther than consumers in developed nations have.
An exchange with a billion-dollar valuation is expanding and major financial institutions reportedly rolling out new wares, saying folks there are primed to embrace digital assets and platforms.
Driving the news: This week heavyweight financial firms BTG Pactual and XP Inc. rolled out their own crypto platforms, called Mynt and Xtage, respectively.
Mastercard and Binance in early August launched a prepaid rewards card in Argentina to help drive spending in crypto, and the payments company in June said it would "secure" e-commerce giant Mercado Libre's crypto ecosystem in Brazil.
Mexico-based crypto exchange Bitso in July...



Read Full Story: https://www.axios.com/2022/08/17/latin-america-distrust-state-backed-currency...

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