Stablecoins represent 90 % of cryptocurrency transactions in Brazil, becoming the preferred payment tool for those seeking speed and security amid the volatility of the traditional market.

This statement was recently made by Denise Cinelli, COO of CryptoMKT, emphasizing that currently, “9 out of 10 crypto transactions in Brazil are made with stablecoins, consolidating them as the preferred option for payments, investments, and protection against volatility.”

With this trend, Brazil is among the largest stablecoin markets in the world, “driven by the search for digital assets that maintain stability and security in a changing economic environment” by offering individuals and businesses trading in the cryptocurrencies USDT (Tether), USDC (USD Coin), and DAI.

Stablecoin transactions in Brazil are a way out of the inflation and volatility of the real, the local currency. Furthermore, it facilitates remittances and digital payments, in addition to allowing access to financial services for managing money.

M.Pino

Source: diariobitcoin

(Reference image source: Ewan Kennedy on Unsplash)

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La entrada Cryptocurrency transactions in Brazil are made with stablecoins apareció primero en Bitfinance.

The Robinhood platform recently announced that, during the last reported quarter, losses of 12 % were generated in trading transactions with cryptocurrencies.

Through a press release, the financial services application presented the balance for the third quarter of 2022 where the company indicated that transactions with digital assets barely generated revenues of 51 million dollars, between July and September.

Compared to the third quarter of 2021, there was a drop of approximately 7 million dollars, which today represents 12 %.

In recent months, Robinhood has been expanding its products and services for cryptocurrency trading. Among these, the launch of the beta version for its self-custody wallet stood out, which has already been accessed by the 10,000 users who signed up for the waiting list.

Furthermore, the company added support for more digital assets such as cardano, uniswap, stellar, avalanche, and the usdc stablecoin.

K. Tovar

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Source: Diariobitcoin

La entrada Robinhood reports 12 loss on transactions apareció primero en Bitfinance.

The different regions of Europe, such as the central, northern and western regions, became the block of the world’s most active cryptocurrency ecosystem with more than a trillion dollars in transactions, according to the firm Chainalysis.

According to a report published this week, this block of regions had 25 % of global digital asset activity between July 2020 and June 2021.

On the other hand, the firm indicated that Europe became a hotbed of institutional investments, with transaction values ​​in this category that grew to 46.3 billion dollars in June 2021, compared to only 1.4 billion in July 2020.

Beyond the developed economies of Europe, the Chainalysis study collected information on the growing adoption of cryptocurrencies in emerging markets. The Chainalysis Global Cryptocurrency Adoption Index 2021 singled out Vietnam, India, and Pakistan as the leading countries in adoption, based on value received on-chain, retail transactions, and peer-to-peer trading volume.

K. Tovar

Source: Cointelegraph

La entrada Europe becomes the largest benchmark for cryptocurrencies apareció primero en Bitfinance.

With the aim of safeguarding the value of money, Argentina turns to investing in crypto in order to strengthen the digital economy in the nation. It is expected that in the Latin country the investment in crypto in bitcoin, USDT (Tether), ether, DAI and monero will continue.

However, the cryptocurrency that has the largest volume of transactions in Argentina is bitcoin, therefore more and more investors are interested in getting involved in the crypto market in order to avoid official restrictions to access the dollar and as an opportunity to protect the value of your money.

The new trend presented by bitcoin in the first days of 2021 has broken historic highs that exceed $ 40,000, something that has impacted society and becomes tangible when seeing the interest of many people in entering the world of digital currencies.

Paxful Guide for Future Investors

Against this background, the crypto transaction platform, Paxful, offers a guide for future investors in the crypto economy. And best of all, the steps to get started are really simple.

To begin, an account must be created in a cryptocurrency transaction platform such as Paxful, then the user is asked to verify their identity, which is key to guarantee the safety of buyers and sellers and finally, once the account is configured you can start making transactions.

K.Villarroel

Source: diariobitcoin

La entrada Paxful Argentina will start investing in cryptocurrencies apareció primero en Bitfinance.