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.
New tech that reduces costs of international payments would “be a boon for poor countries that rely on remittances” — but will BTC as legal tender fix that?
An asset for all classes: What to expect from Bitcoin as a legal tender
The World Bank has refused to support El Salvador’s request for help in the transition to use Bitcoin as legal tender.
World Bank refuses El Salvador’s request for help on BTC transition
A 2001 law on monetary integration in the country states that salaries and fees may only be paid in colónes or dollars.
El Salvador reportedly weighing paying employees in Bitcoin
GoldConnect will be able to process crypto transactions made in Bitcoin, Ether and other digital assets through its new LatamConnect platform.
Latin American telecom company accepts crypto payments through BitPay
El Salvador’s move to make Bitcoin legal tender in the country continues to elicit reactions from legacy finance gatekeepers — this time, from the Bank for Inte...
El Salvador’s Bitcoin adoption an ‘interesting experiment,’ says BIS exec
The International Monetary Fund has previously spoken out against smaller nations like the Marshall Islands recognizing a digital currency as legal tender.
IMF plans to meet with El Salvador’s president, potentially discussing move to adopt Bitcoin
Bitcoin is heating up — some may say erupting — as the Latin American country plans to tap energy from volcanoes for mining the cryptocurrency.
El Salvador's president wants to build volcano-powered crypto miners