Latin America News
Latin America is a group of countries which are located in the Western Hemisphere and where Spanish, Portuguese and French are most-spoken languages. Most of Latin American countries are in South and Central America. Despite fitting the definition, areas of Canada and United States where English is not the predominant language are not referred to as Latin America. The Latin American economy is an export-based economy, mostly consisting of agriculture, petroleum and manufacturing. The main Latin American economies are Argentina and Brazil, with large GDPs and strong rates of growths in last few years. Still, many countries in Latin America still suffer from high crime rates, low education and human development. Because of these factors, Latin American countries have yet to establish a strong fintech and innovation-based industry.
A new survey suggests that most Salvadorans still don't have a clear understanding of Bitcoin or crypto.
54% of Salvadorans are not familiar with Bitcoin, survey suggests
Bitcoin-as-a-payment is becoming reality in El Salvador after the country formally recognized the cryptocurrency as legal tender.
McDonald’s now accepts Bitcoin, but only in El Salvador
Mexican crypto exchange Bitso was announced as a core partner for El Salvador's state-issued BTC wallet.
Bitso to assist the launch of El Salvador's official Bitcoin wallet Chivo
Chilean Peso-pegged stablecoin CLPX launched on Stellar this week and is hoping to gain traction in the remittance and copper markets.
Chilean Peso stablecoin goes live on Stellar Network
A Uruguayan senator has introduced a bill seeking to “establish a legitimate, legal and safe use in businesses related to the production and commercialization o...
Uruguayan senator introduces bill to enable use of crypto for payments
El Salvador’s decision to accept Bitcoin as legal tender in June appears to be influencing lawmakers across the region to begin exploring their own cryptocurren...
Paraguayan lawmakers to present Bitcoin bill on July 14
ECLAC executive secretary stressed that there is no study yet that would have investigated potential risks or benefits of El Salvador accepting BTC as legal ten...
UN commission serves new warning against BTC adoption in El Salvador