Peru will begin pilot tests for a central bank currency, or CBDC, according to the recent announcement by the Central Reserve Bank of Peru.
The local institution has indicated that the main objective is to promote financial inclusion “as an innovative solution in the market in a controlled manner.”…
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financial inclusion
Fintech Alliance of Ibero-America renewed its authorities
The Ibero-American Fintech Alliance elected new authorities for the Board of Directors, in a renewal of its commitment to financial inclusion in the region.
The election of the new president was held at the beginning of this month, with…
IMF says CBDCs can promote financial inclusion
The speech by the director of the International Monetary Fund, Kristalina Georgieva, during the inauguration of the FinTech Festival in Singapore, was an exhortation to public institutions to prepare for the implementation of CBDCs as an…
Digital payments in South America have grown considerably since 2018
In a statement issued after the XLI Meeting of Presidents of Central Banks of South America, held in Quito, the Central Bank of Ecuador reported that digital payments in the South American region experienced an impressive growth of 84 % in…
Ron de Santis would ban CBDCs if he becomes president
Ron DeSantis, candidate for the presidency of the United States, reiterated his criticism of digital currencies issued by central banks (CBDCs), specifically opposing the possibility of implementing a digital dollar in the country.
During…
IMF urges crypto regulation but warns against outright ban
The International Monetary Fund (IMF) reiterated its call for the regulation of cryptocurrencies in certain countries, but stressed that an outright ban may not be the best strategy.
In a June 22 report on Latin America and the Caribbean,…
Mastercard launches alliance with Indonesian cryptocurrency portal
The financial services company, Mastercard, established an alliance with the Indonesian cryptocurrency portal Fasset in order to develop digital solutions that facilitate financial inclusion in the Asian country.
The manager of Mastercard…
Latam Fintech Market 2020 will be held in Colombia
The second edition of the main fintech event will take place in Colombia from the 27th to the 29th of this month. The Latam Fintech Market 2020 will allow the meeting of specialized speakers in the fintech ecosystem, especially in the Latin…
Education as a tool to promote financial inclusion
Financial and technological education has been one of the topics recently discussed during the First Online Latin America Fintech Marathon, organized by the Sociedad Venezolana de Fintech y Nuevas Tecnologías (Fintech Venezuela). Carmen…
The Bahamas plan to launch its own cryptocurrency in October
The Bahamas "Sand Dollars Project" pilot was tested in 2019 and rated a "success". The country's central bank now plans to launch its own CBDC for next October.
If all goes well, The Bahamas would manage to position itself as the first…
Mexico launches new Wallet for traditional banking services
The Mexican Fintech Bitrus impacts the technology market with the launch of a Bitrus Wallet for investors, with the aim of providing users with traditional banking services as well as improving financial inclusion. With the innovative tool,…
Sierra Leone launches national digital identification system
The president of Sierra Leone, Julius Maada Bio, recently presented the first National Digital Identity Platform, a pioneer of its kind throughout Africa.
The initiative, based on blockchain technology and that works with the Kiva…