The license also means the company can now offer digital banking services to its customers using held crypto assets. Moreover, there are also said to be plans for the exchange to establish a debit card with a crypto off-ramp offering. Mercado Bitcoin is a leading crypto exchange in the South American country, with more than…
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Managing Director and Head of Sales, Americas, Jose-Antonio Buenaño said: Brazil is a tremendous market for us, and one of the fastest-growing participants in currency trading globally. Edgewater believes strongly in ‘boots on the ground,’ where our uniquely experienced FX professionals, armed with unparalleled local knowledge, are closest to the markets, developments and players. With…
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By using ODL, Travelex will deliver near instant settlement and constant access to liquidity, allowing its customers to better grow and scale their business. Travelex will support payments between Mexico and Brazil at launch, however the company revealed plans to support more corridors and use cases, including internal treasury and bulk small and medium-sized enterprises…
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The fintech industry in Nigeria is becoming more popular and startups are capitalizing on the trend. Migo, a Nigerian fintech startup is a company that focuses on offering credit-as-a-service to big companies. Migo has recently raised a Series B round of $20 million - a round that was led by Valor Capital Group, a Brazil-focused…
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NIUM, a digital payments platform formerly branded as InstaReM and based in Singapore, has announced that it will be supporting Frente Corretora de Câmbio, a foreign exchange broker in Brazil, in its plans to expand its cross-border payments business. The significance of the announcement is that NIUM is also a member of RippleNet, and its…
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Ripple is not wasting its time when it comes to global expansion. The company has just opened a new office in Brazil - a strategic move that will help Ripple support their ever growing client base South America. The new office will enable all regional customers be closer to the San-Francisco-based startup. Ripple has already…
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It's been a while since Tradays' last economic calendar geographical expansion - Spain and Italy were added back in January 2019. MetaQuotes Software Corp. announced today that 80 indicators have been recently added for Brazil, Hong Kong, Singapore and South Korea. The relevant index readings are collected in real time directly from public sources, including…
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ETH News reported that on October 16th, the President of Brazil's Central Bank, Ilan Goldfajn, berated bitcoin as a "bubble" and a "pyramid". Brazil seems to be the next country to enter the "bitcoin conspiracy" theory that the digital currency may be a fraud and illegal method of accumulating value over time. While the technology behind…
Read moreSão Paulo-based Verde oversees about 37 billion reals ($9.2 billion) in clients' money. Reports show that Verde Asset Management, Brazil's largest hedge fund based out of São Paulo, has raised up bets against the euro as well as the Brazilian and Chinese currencies on expectations that U.S. interest rate hikes and slumping oil prices would continue…
Read moreWorld leading provider of managed services for high-precision, high-speed, high-performance applications Perseus and RTM, the main technology provider in Brazil's financial industry announced the expansion of their existing relationship, bringing all RTM services onto the Perseus backbone, enabling service scalability across the globe. The network interconnection virtually connects all Brazilian financial market participants to the world’s largest…
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