Tagged: argentina

First Stablecoins in Brazil and Argentina Launched on Stellar

Settle Network has launched two new stablecoins on in Argentina (ARST) and the other in Brazil (BRLT). Both issued using Stellar, these are the first stablecoins in each country. Stellar is a decentralized network that has focused on financial products and services. According to a… Read More

Fintech Galileo Enables Ualá Expansion into Mexico

Galileo, an API standard for card issuing, virtual card solutions and digital banking, is aiding Argentina based Fintech Ualá’s expansion into Mexico. Moving into Mexico is Ualá’s first expansion outside its home country. Ualá is a Fintech with a mission to bring Latin American financial… Read More

Fintech Adoption in Argentina Gets a Boost as Local Banks to Launch P2P Money Transfer App, Dimo

Banks in Argentina have reportedly launched a new peer to peer (P2P) money transfer app, called Dimo. There are around 20 local banks that have now registered with the joint venture firm Pay Digital, which will be developing and deploying Dimo, according to an update… Read More

Fast Pace of Cryptocurrency Adoption in Latin America May be due to Dramatic Rise in Smartphone Users, Bitso Executive Reveals

Bitso, one of Latin America’s largest digital asset exchanges, has reportedly reached 1 million users before its planned launch in Brazil. Santiago Alvarado, director of international payments at Bitso, recently talked about how cryptocurrencies might help with settling cross-border transactions in Latin America. Alvarado, whose… Read More

The Fintechs Promoting Financial Education For All in Latin America

Increasing financial inclusion is a high-priority goal of many countries because it has a widespread positive impact. Studies show that expanding financial inclusion enables seven of the 17 Sustainable Development Goals, with more financial stability leading to improved social conditions, community development, and economic growth…. Read More

Fintech Adoption in Latin and South America Is on the Rise, with Mexico and Brazil Leading the Charge

Although Latin America (LatAm) may have introduced Fintech services after they had been established in more advanced economies like the US and in Europe, the region is growing fast because of the launch of several financial technology initiatives. While it may be difficult to accurately… Read More

Argentina Looks to Control Crypto Transactions as the Country Inches Towards Default on Debt, Once Again

Last week the Argentinian Unidad de Informacion Financiera issued a statement about digital assets and money laundering. The regulator said there has been an increase in transactions carried out through virtual assets that may be illegal. To quote the agency: “In this context, the Financial… Read More

Argentina based Fintech Ohana to Launch Digital Wallet to Help Locals Pay for Daily Services via QR Codes, Send Money, Settle Taxes

Argentina-based Fintech firm Ohana (which means “family” in Hawaiian) has revealed that its digital wallet will allow users to pay for everyday goods and services, and taxes. The company’s electronic wallet may also be used to send money to friends and family members. There’s an… Read More

South American Fintech Koibanx Considers Expanding Operations into Mexico

Argentina-based Fintech firm Koibanx has maintained operations in the Latin American region, well before the COVID-19 outbreak led to major changes in the daily lives of the area’s residents. Despite the economic challenges associated with expanding a business during these difficult times, Koibanx is planning… Read More

Digital Banking: Argentinians are Increasingly Using Online and Mobile-based Apps for Everyday Transactions Due to COVID-19

In the South American country of Argentina, where most people prefer to make cash payments, a strict nationwide lockdown (due to COVID-19) has forced local consumers into considering digital banking and online payments options. Before the Coronavirus-related lockdown went into effect on March 20, 2020,… Read More

IBM Teams Up with Argentine Chamber of Fintech to Support Digital Transformation Efforts in Country’s Banking Sector

New York-based tech giant IBM and the Argentine Chamber of Fintech have entered an agreement to support various innovative projects and digital transformation initiatives in Argentina’s financial technology and banking sector. IBM will reportedly support the chamber in developing activities to promote Fintech-related projects such… Read More

Ten Years of Argentine Government Data Locked by Cryptocurrency Ransomware Attack

Hackers successfully executed a cryptocurrency “ransomware” attack on the Argentine government on November 25th and managed to lock up about 7700 GB of data totaling 10 years of government records. Servers, databases, and a virtual backup library were reportedly compromised. “Ransomware” is a type of… Read More

Argentina-based Mobile Payments Fintech Ualá Raises $150 Million via Series C Investment Round

Argentina-based mobile payments firm Ualá has been valued at almost $1 billion in its most recent investment round, which was led by Chinese tech giant Tencent, according to sources familiar with the details of the transaction. Tencent led Ualá’s $150 million Series C investment round…. Read More

Stocks and Crypto Investment App Goonder Recognized as Best Fintech in Latin America at Innovation Awards Latam

Goonder, a Buenos Aires-based company focused on democratizing investments through an easy-to-use app with powerful trading algorithms, was recognized as the best Fintech in Latin America at this year’s Innovation Awards Latam. Judges at the awards ceremony recognized the top 100 startups in the Latin… Read More

Buenos Aires-based Crowdfunding Platform SeSocio Launches in Chile

Buenos Aires-based startup SeSocio is establishing operations in Chile. The Argentine crowdfunding company will be offering its collective financing platform, which does not require a minimum investment. Co-founder and CEO of SeSocio Guido Quaranta explains how the platform can be used to invest in a… Read More

China: WeiyangX Fintech Review

China Requires P2P Platform Executives Not to Leave Beijing during Administrative Review On April 25th, Internet Finance Association of Chaoyang District issued an announcement about the recently launched P2P platform administrative review. According to the document, from the date of the announcement to May 31st,… Read More

Ripio Claims First Marketplace to Trade ETH for Brazilian Reais & Argetine Pesos

Ripio, previously doing business a BitPagos before a rebrand, has integrated Ethereum, becoming the first cryptocurrency wallet that allows the purchase and sale of Ethereum in both Argentina and Brazil. Sebastián Serrano, Founder and CEO of Ripio, said the addition of Ethereum will open their door to… Read More

Transferwise Now Offers Service in Argentina

Fintech Unicorn, TransferWise, has announced the launch of its money transfer services in Argentina. Argentinians will now be able to move money from more to and from over 60 countries. TransferWise said it will operate in Argentina in partnership with Nubi, a Fintech company associated with… Read More

Ripio Credit Network Announces ICO Pre-Sale, Crowd Sale Starts on October 17

Ripio Credit Network, a company that has raised $5 million in funding from VC like Tim Draper, Pantera, DCG, Overstock (Medici Ventures) and others. Has launched their Initial Coin Offering pre-sale as they gear up for the crowd sale scheduled to launch on October 17th. This comes… Read More

Finnovista’s Fermin Bueno Shares Updates on Spain’s Fintech Ecosystem and Upcoming Pitch Day in Madrid

“We are convinced that the moment has come for Spanish banks and insurance companies to recognize the great opportunity that the whole country and financial sector have thanks to the impulse and promotion of Fintech. It is also the time to begin to promote strategies… Read More

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