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Nalezeno "Emerging markets": 345

Bitcoin Adoption Reaches Critical Low in El Salvador Despite Government Push

18.10.2024
A new survey has found that bitcoin usage has dropped to critical levels in El Salvador, with less than 10% of its citizens using it to make transactions. The numbers are surprising to analysts, given the push that President Nayib Bukele has made for bitcoin in the country since its adoption...

BRICS Bank Offers Zimbabwe Escape From IMF Debt Traps, Says Professor

17.10.2024
A Zimbabwean professor has highlighted the BRICS New Development Bank (NDB) as a crucial alternative to the International Monetary Fund (IMF), offering better financial terms to developing nations. He emphasized the NDB’s role in helping countries like Zimbabwe escape debt cycles and discussed...

China’s Trade With BRICS Surges: A $653 Billion Boost in Emerging Markets

15.10.2024
China’s trade with BRICS countries surged by 5.1% year-on-year, reaching 4.62 trillion yuan (approximately $653 billion) in the first three quarters of 2024. Officials emphasized the importance of BRICS as a crucial platform for developing nations to collaborate, particularly in sectors like steel...

Brazillian Central Bank Invites New Participants to CBDC Pilot Program

14.10.2024
The Brazilian Central Bank is opening the drex CBDC pilot to new entrants, aiming to test more advanced use cases and privacy solutions for the project’s second phase. Thirteen use cases have been confirmed, including carbon credits, agricultural bonds, and foreign trade platforms. Brazilian...

DePIN Promises Small Business Innovation in Emerging Markets

11.10.2024
DePIN node sales are not like ICOs or even token sales. They are more like a market stall or “micro franchise programs” for the emerging markets. DePIN networks have potential to be a prodigious driver of tech-centered economic development, says Huddle01 founder, Ayush Ranjan

Avalanche Powers Littio’s New USD Savings Accounts in Latin America

9.10.2024
Littio, a Colombian neobank, has joined forces with Avalanche to offer interest-bearing USD accounts through Opentrade’s blockchain-based platform. The partnership aims to provide financial solutions to Latin Americans facing high inflation and currency devaluation. Neobank Littio Uses Avalanche...

Bukele Advises Argentine Vice President on Bitcoin and Volcano Bonds

4.10.2024
During his official visit to Argentina, Bukele met with Victoria Villarruel, the nation’s vice president, to discuss cryptocurrency and the Salvadoran experience with Bitcoin. While the meeting was private, a video released before the meeting shows Villarruel asking Bukele about the first...

Crypto Trading Volumes Double After Lifting of Ban in Bolivia

29.9.2024
According to data from the Central Bank of Bolivia, operations with crypto assets rose in the last three months after the institution lifted a blanket ban on using the banking system for these transactions. Volumes doubled on average, with stablecoins leading the way and transaction numbers also...

Cryptocurrency Purchases Soar in Brazil: $12.37 Billion Spent YTD

28.9.2024
According to data from the Central Bank of Brazil, purchases of cryptocurrency made abroad have soared this year, surpassing the numbers registered in 2023. These purchases, considered imports, have reached $12.37 billion year-to-date, exceeding the total crypto purchases of 2023. This indicates...

Experts Say P2E Games ‘Normalize’ Crypto in Emerging Markets

26.9.2024
Play-to-earn blockchain games are driving crypto adoption in emerging markets, particularly in Southeast Asia, Latin America, and Africa. Experts attribute this growth to their accessibility, economic opportunities, and community-building benefits. One expert believes play-to-earn games can serve...

Saudi Arabia Leads MENA in Crypto Growth for Second Year Running

26.9.2024
Saudi Arabia has emerged as the fastest-growing crypto economy in the Middle East and North Africa (MENA) region for the second consecutive year. Unlike other MENA countries, Saudi Arabia’s and Qatar’s crypto activity primarily stems from decentralized finance platforms. The majority...

US Company Settles Salvadoran Coffee Purchase With Bitcoin

21.9.2024
According to information from the Salvadoran Ministry of Foreign Affairs, Compass Coffee, a U.S.-based coffee company, has completed an international purchase of Salvadoran coffee using bitcoin. Jorge Cruz, the Salvadoran counterpart in this transaction, explained that he received the payment...

Crypto Exchange Bitget Secures Multi-Million Dollar Partnership With La Liga

19.9.2024
Bitget, a leading cryptocurrency exchange, has announced a multi-million dollar partnership with La Liga, the popular Spanish football league. This deal establishes Bitget as the official crypto partner for La Liga across Eastern Asia, Southeast Asia, and Latin America. Bitget and La Liga Join...

In-Depth Study Reveals Stablecoins as Pivotal Players in Global Finance

13.9.2024
As digital economies evolve, stablecoins emerge not just as mere facilitators for crypto trading but as pivotal tools in global financial systems. A comprehensive report by Castle Island Ventures and Brevan Howard Digital, sponsored by Visa, unveils the profound impact of stablecoins on monetary...

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