As the entire crypto industry is facing a hectic crisis, crypto adoption in Brazil is booming tremendously. In the past few months, the global crypto market crashed affecting millions of thousands of investors in the community. Surprisingly over 40,000 Brazilian companies are in the record of Federal Revenue Service for
The adoption of cryptocurrency is spreading over the variant continents undoubtedly, but still, the position held by the fiat currencies is vital. It may take a few more years for crypto to be in everyday use. Prominent crypto firms like Binance, are acting as catalysts to speed up this process.
Santander plans to provide its Brazilian clients with access to crypto trading. Santander has already made inroads with crypto in Latin America. Spanish banking giant Santander intends to start offering cryptocurrency trading to its clients in Brazil in the upcoming months. Mario Leao, CEO of Santander Brazil, announced this on
BNP Paribas entering the custody space for crypto. Currently, the French bank has $13 trillion in assets . BNP Paribas (BNP), a French Bank, is going to start offering custodial services for Bitcoin and other digital assets. Over $13 trillion in assets are managed by the bank’s assets custodian, BNP
A license to operate in Dubai has been obtained by Singapore’s Fintonia Group. Ruler of Dubai announces a new Metaverse Strategy. Dubai Virtual Assets Regulatory Authority (VARA) has issued a provisional digital asset license to Singapore-based fintech investor and crypto fund manager Fintonia Group. The license placed Fintonia in the
Yachtzoo accepting Shiba Inu and Dogecoin as a payment. Dogecoin traded at $0.066279 and it increased by 3.15% in the last 24 hours. Many high-end firms already accept cryptocurrency payments for yacht buying and financing. Following that, Monaco-based Yachtzoo collaborated with BitPay to provide digital currency payment services. Leading cryptocurrencies
76% of financial firms expected to use cryptocurrencies in the next three years. As per the financial organizations, crypto is an effective fence against inflation. The leading crypto solutions provider, Ripple has a recent forecast on crypto adoption among financial organizations. According to Ripple, in the next three years, about
PostFinance allows its customers to trade Bitcoin by 2024. Last year, revenues from Swissqoute crypto trading services were over $103 million. The Swiss Post Office has announced plans to expand its cryptocurrency offering by launching a trading and custody service through its banking arm PostFinance. Despite the volatile cryptocurrency market,
The National University of Singapore also accepted cryptocurrencies as a curriculum. MIT offers a course on the impact and ethics of blockchain and cryptocurrency. U.S best National University offers two new courses to students on cryptocurrencies and cutting-edge financial technologies. Last year, the market for crypto assets grew significantly and
An online payments company allows merchants to settle payments in stablecoin. This feature enables merchants to pay using USDC. The firm plans to add a wide range of digital-assets in future. The entire crypto community is aware of the recent market collapse while the stablecoin crash like UST has made
