Through a collaboration between MasterCard and Belo, a prepaid card will be launched which will allow users to have their funds available in cryptocurrencies in physical or virtual stores.

In the same way, the possibility of consuming all the assets they have and dispose of in the order they wish will be offered.

Until now, the startup born in 2021 only allowed depositing and withdrawing Argentine pesos from a bank account, with the possibility of making changes without commissions with bitcoin, ether, or stable currencies linked to the dollar.

Manuel Beaudroit, CEO of Belo commented that he was very excited about the launch of the new card as it was a requirement that his community had been requesting of them.

“After working for several years in the industry, we realized that the problem of the massification of crypto was being addressed in the wrong way, wanting to push users to experiences that are not human, that are not natural”, said the executive.

K. Tovar

Source: Cointelegraph

La entrada Belo and MasterCard launch cryptocurrency card apareció primero en Bitfinance.

In the mid-90s, the impulse of electronic commerce (or e-commerce) began with the massification of computers and the Internet. Sales of goods and services were made through web pages and were canceled with credit cards.

This new way of buying transforms the traditional shopping model because buyers no longer go to physical stores in search of their products, thanks to technological devices and the internet they can see the products, check prices and execute the purchase.

Starting in the 21st century and with the rise of “social networks and new payment platforms: Apps on smartphones, electronic transfers, mobile payment, among others”, electronic commerce spreads throughout the world. Amazon became the first global company to apply and develop electronic commerce with the sale of books, then it diversified to offer all kinds of products.

Currently there are thousands of companies of different sizes that offer their services through electronic commerce. The United States ranks first with 20% of world sales, followed by China and Japan.

During 2020, sales through electronic commerce registered a growth of the order of 27.6% as a result of restrictive measures as a result of the pandemic caused by Covid-19.

Electronic commerce increases in Latin America

Mercado Libre is the leading company in this sector in Latin America, it is a company of Argentine origin and for the second quarter of this 2021 it registered a net profit in the order of 68MM dollars.

Electronic commerce registered a growth of around 36.7 % in the region and according to the company Statista Digital Market Outlook, sales of over 80,500 million dollars are estimated by the end of the year.

The firm estimates a growth in the sector for 2021 and 2025, with Brazil and Mexico being the main countries with the highest sales in the region, but it will be Argentina that registered the highest growth with approximately 59 %.

E-commerce accelerates in Venezuela

The pandemic, as in the rest of the world, impacted the growth of electronic commerce in Venezuela because it has forced sellers to migrate to technology to be able to stay in the market

The Venezuelan Chamber of Electronic Commerce (Cavecom-e), indicated that during 2021 the sector will register an increase equivalent to 2,000 %, despite limitations in internet access, connection speed and connection instability “no it has prevented the transformation of the commercial dynamics in the country”. It is estimated that electronic commerce in Venezuela will continue to grow until it can adapt to the different business models that predominate in the world.

M. Rodríguez

Source: Finanzasdigital.com

La entrada E-commerce: the new way to buy apareció primero en Bitfinance.

Facebook announced that it will extend its payment system, until now only available within its applications and services, to other companies which will be able to incorporate it into their web pages.

Facebook Pay is the payment system for users to make transactions, payments or donations through Facebook apps and services. It requires having a bank card registered, whose data, as well as those of the payments, are encrypted the company assures in a statement.

Now, “for the first time” it will be available outside its services, when from August companies will start to use. Companies on the United States and Shopify merchants will be the firsts to use it, although Facebook hopes to continue extending it.

The social network says that the bank details will not be used to personalize the experience or the ads they see, and their activity, such as the payments or purchases they make, will not be shared on their profile, unless they want to.

K. Tovar

Source: dpa

La entrada Facebook will extend its payment system to other companies apareció primero en Bitfinance.

Skrill and Neteller have made the decision to quit the list of electronic payment platforms that are shared in Venezuela, as both companies announced to their users through social networks.

The measure urges its users of the South American nation to withdraw funds before February 20. To date only the withdrawal service will be enabled and the deposit option has been suspended.

Although more details of what happened are unknown, both Neteller and Skrill tweeted that the measure responds to a “business decision“. The tweet was published after receiving numerous messages from customers requesting a justification for the fact.

Neteller and Skrill services will be suspended not only in Venezuela but in Zimbabwe were users also received the same email with the respective limitations, leaving only the withdrawal service until April 20.

Given the shock experienced in the networks by such news, many users took advantage of the moment to clarify that cryptocurrencies could help the affected people by driving the demand for greater adoption of bitcoin.

 K. Villarroel

La entrada Skrill and Neteller will stop providing service in Venezuela apareció primero en Bitfinance.