The telecommunications multinational Telefónica expects to make its first investments from Vivo Ventures in the coming months, a fund created by the company in Brazil of 320 million reais, equivalent to 60.4 million euros, with the purpose of investing in consumer-oriented startups and complement…
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CAF approves seven loans for the economic recovery of Latin America
CAF approved the disbursement of 1,650 million dollars corresponding to seven loans destined to support the economic development of Latin America and the Caribbean, with Argentina, Brazil, Paraguay, Peru and Trinidad and Tobago as…
Nubank shows rapid growth in Mexico
In a recent interview, the CEO of Nubank Mexico, David Vélez, indicated that the Latin American fintech has achieved notable growth in a year and a half, with 2.1 million clients. This is equivalent to 2.2% of the adult population of the…
Brazil finally exceeds one million tourists
Brazil exceeded the mark of one million foreign visitors in the first five months of 2022, according to data published by the International Traffic System (STI) of the country's Federal Police.
This figure demonstrates the reactivation of…
Binance resumes local currency deposits in Brazil
The Binance exchange recently announced that it will resume deposits of Brazilian reals, after having suspended the service on June 17.
The company will be able to do this again thanks to the participation of the Brazilian Pix payment…
5G technology will boost the development of Latin America
The director of Strategy and Marketing at Huawei Latin America, Saldaña Otero, affirmed that the use of 5G technology will take off the development of the region.
Clear examples of this are Brazil and Mexico, which have so far made…
Brazilian exchanges ask for a vote on the Bitcoin Law
The Brazilian Association of Cryptoeconomics (ABCripto) sent a letter to the federal deputies of Brazil sending its full support to PL 4401/01, the Bitcoin Law.
In addition to their support, the member companies of this association…
Brazil approves regulation for cryptocurrencies
The Brazilian Senate approved this week the implementation of a "Bitcoin Law of Brazil", which will determine the creation of regulations for the trading of digital assets.
"I want to congratulate the rapporteur of the project, Senator…
IMF estimates 2.5 % growth for Latin America in 2022
The International Monetary Fund (IMF) published its new estimates on economic growth and slightly modified its forecasts for the Latin American and Caribbean region by 2.5 % for this 20220 in the framework of an environment marked by…
Brazil will launch its CBDC this year
The president of the Central Bank of Brazil, Roberto Campos Neto, reported that the pilot program of a digital currency issued by the institution will be applied this year.
As indicated by the president of the entity, this is expected to…
Peru leads the list of eCommerce developing countries
A study carried out by Euromonitor International determined that Peru ranks as one of the Latin American countries with the greatest potential in terms of the future of eCommerce and online retail.
The panorama of eCommerce development in…
Rio de Janeiro will accept cryptocurrencies to pay taxes
As of 2023, the metropolis of Rio de Janeiro will accept cryptocurrencies for the payment of the Tax on Urban and Territorial Property (IPTU), as announced by the Secretary of Economic Development, Innovation and Simplification of Rio de…