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Mercadolibre to Allow Users to Invest in Cryptocurrencies From Its Platform

25.11.2021
Mercadolibre, one of the biggest online retailers in Latin America, has started rolling cryptocurrency trading services to a selection of their customers and plans to expand this test in the coming weeks. Mercadopago, the payments service native to the platform, will allow these customers...

Eurosystem Approves New Oversight Framework Concerning Crypto Services

23.11.2021
The monetary authority of the euro area, the Eurosystem, has introduced a new framework for overseeing electronic payments, including services related to crypto assets. The new set of rules will complement upcoming EU regulations for cryptocurrencies and stablecoins. ECB Aims for Secure...

Moonpay Raises $555 Million in First Funding Round

23.11.2021
Moonpay, a cryptocurrency payments service provider, has raised $555 million during its first funding round. Led by Tiger Global Management, this series A funding round propelled the valuation of the company to $3.4 billion, which will be used for expansion endeavors. The fiat-to-crypto ramp that...

Central Bank of Peru Will Develop a Digital Currency

22.11.2021
The Central Reserve Bank of Peru, the Peruvian central bank, is planning to develop a central bank digital currency (CBDC) like other economies of the world. The announcement was made by its president, Julio Velarde, who stated that the currency would be designed for use primarily in payments....

Bitpanda New Partner Lydia's 5.5M Users Will be Able to Invest in Crypto

22.11.2021
Major French mobile financial services app Lydia is slated to offer its 5.5m users exposure to a wide range of crypto assets after a partnership with the Austrian crypto exchange Bitpanda. As part of the deal, Lydia will integrate Bitpanda’s digital asset investment product, dubbed 'White Label...

Russians to Pay Fees on Digital Ruble Transactions, Central Bank Says

21.11.2021
Users of Russia’s central bank digital currency are going to pay a fee for each transaction, a high-ranking representative of Bank of Russia has recently announced. The digital ruble charge, however, is not going to exceed those currently applied to fast payments in the country. Bank...

Bitcoin as Legal Tender: a Look at the Pros, Cons, and Future Trends

19.11.2021
Greg Waisman, co-founder and COO of the global payment network Mercuryo. __________ Since the inception of Bitcoin (BTC) back in 2009, there has always been buzz around the topic of adopting the cryptocurrency as a nation's official legal tender.... Read More: Bitcoin as Legal Tender: a Look...

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