The Central Reserve Bank (BCR) reports that El Salvador experienced a 33 % decrease in the receipt of remittances through cryptocurrency wallets from January to October 2023 compared to the same period of the previous year.
During the first ten months of 2023, the Central American country received…
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remittances
Cryptocurrency remittances fall 26.5 % in El Salvador
The receipt of remittances through cryptocurrency wallets in El Salvador experienced a significant decrease of 26.5 % during the first half of 2023, according to data from the Central Reserve Bank.
Official figures show that between…
Sending remittances to Colombia reached USD 9,429 million in 2022
The Bank of the Republic issued its annual report on remittances to Colombia, where it indicates that in 2022 the sum reached USD 9,429 million.
According to the financial entity, Spain and the United States were the countries from which…
Remittances to Mexico increased 15 % in January and September
In its report published this Tuesday, the Bank of Mexico presented a positive balance on the remittances that the country has received from January to September, concluding with an increase of 15 % that becomes a contribution to the local…
Cryptocurrencies as a saving option
Leonardo Buniak, economist and risk assessor, stated that the cryptocurrency market is an inalienable option to save, particularly in Venezuela, which is among the first countries with the most mining in the world. He said cryptoactives are…
Tether launched a new stablecoin pegged to the Mexican peso
Tether launched its fourth stablecoin called MXNT, linked to Mexico's legal tender, the peso, with the purpose of providing users with a "reserve of value" for new markets in Mexico.
Through a press release, the firm explained that among…
Central Bank of Cuba authorizes the legal use of cryptocurrencies
The Central Bank of Cuba (BCC) through resolution 215/2021 enabled the use of certain virtual assets in commercial transactions throughout the territory of the Caribbean island. The legal instrument, signed by the president of the financial…
International remittances decrease by 55.8 % due to the pandemic
Money transfers to Venezuela have registered a decrease of 55.8 %, as a result of the Covid-19 pandemic that affects the world. This was indicated by the economist Corina Fung, who also stressed that "people who reside in the country and…
Salvadoran authorities analyze paying salaries with Bitcoin
Salvadoran government ministers are discussing the possibility of paying salaries in bitcoin, after the approval of the law that gives legality to the digital currency and that will come into effect next September.
Officials from the…
Cryptocurrency adoption continues to grow in Venezuela
Through a recently issued statement, the Venezuelan subsidy allocation system, Patria, announced the gradual incorporation of the Bitcoin and Litecoin wallets to the platform. They will interact with the Venezuelan cryptocurrency, the…
Criptan launches Visa card for purchases with cryptocurrencies in Spain
The inhabitants of the Iberian region have a new payment mechanism in cryptocurrencies, to be used in all authorized Spanish businesses, by the hand of the Criptan platform.
In the midst of the economic crisis that the Covid-19 pandemic…
Fintech, insurtech and regtech revolutionize goods and services consumption
The so-called Fourth Industrial Revolution is here. One of its consequences is the emergence of technology companies called fintech that rely on various technologies to offer services and products that were previously offered almost…