Category Archive : Bolivia

Where Are Cryptocurrencies Most Popular?

Find out more about the cryptogeography and countries where cryptocurrencies are the most popular nowadays.

Countries that Lead the ‘Crypto Storm’

The crypto industry started its history in 2009 with the launch of Bitcoin. Since then, digital currencies have rapidly integrated into the financial systems of the world.

The idea of having full control over your money was attractive. Hence, it urged people to take an interest in crypto and invest in different coins.

In 2021, there were already around 106 million cryptocurrency holders. The crypto market capitalization has reached over $1.7 trillion.

Such numbers are pushing governments around the world to stop ignoring crypto and take action. Some of them are working on accepting crypto as a legal currency, others are applying restrictions. El Salvador is the only country so far that has adopted BTC as a legal form of payment.

What is the overall cryptogeography and where are digital coins most popular? Read below.

Where Can Cryptocurrency Be Used?

Cryptocurrency has become widely used all over the world, and most countries at least partially legalized digital assets. Due to its decentralized and borderless nature, crypto can…

Read more at roboticsandautomationnews.com

FinTech: Alt Finance Needs Stronger ID Security

In today’s FinTech news, ride-hail firm Ola acquires challenger bank Avail Finance, while Relay Payments launches a payments solution for the fleet industry. Plus, a recent survey shows financial advisors are slow to recommend digital assets for clients’ portfolios. 

India’s Ola to Acquire Neo Bank Avail

Indian ride-hailing platform Ola is planning to acquire the challenger bank Avail Finance, which was founded by Ankush Aggarwal, the brother Ola co-founder Bhavish Aggarwal. The deal will help Ola subsidiary Ola Financial Services boost its loan business and extend offerings to the country’s underserved blue-collar workforce.

Planning for Long Haul, Trucking Companies Embrace Driver-Friendly Payments

Relay Payments, a provider of digital payment solutions for the transportation, logistics and supply chain industries, recently rolled out RelayGo, an all-in-one fleet expense card and mobile app. Ryan Droege, CEO of Relay Payments, told PYMNTS that the trucking industry has been long overdue for a change from outdated processes. 

BNPL and Other Alt Payments Need Stronger Authentication

As digital becomes the go-to for banking and payments, new solutions like buy now pay…

Read more at www.pymnts.com

Santacruz Silver completes acquisition of Glencore’s producing silver-zinc assets in Bolivia

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(Kitco News) – Santacruz Silver (TSX-V: SCZ) announced Monday that it has completed the acquisition of a portfolio of Glencore’s producing assets located in Bolivia.

According to the company’s statement, the transaction involved the acquisition of, among other things, a 100% interest in the Sinchi Wayra business which includes the producing Caballo Blanco mining complex, the Soracaya exploration project located in Bolivia and the San Lucas ore sourcing and trading business.

In addition, Santacruz acquired a 45% interest in the producing Bolivar and Porco mining operations held through an unincorporated joint venture with Corporación Minera de Bolivia, a Bolivian state-owned entity and certain related properties and assets.

The company said that initial upfront consideration of US$20 million, as adjusted pursuant to the purchase price adjustments under the SPA, was determined to be US$12,011,148 and will be paid by Santacruz to Glencore within 30 days of closing…

Read more at www.kitco.com

Buenos Aires Times | Argentina’s 50% inflation has crypto credit cards booming

With inflation surging at a more than 50 percent annual rate in Argentina, the cryptocurrency exchange Lemon Cash plans to increase its issuance of Bitcoin rewards cards there to three million this year. 

The Visa cards, which convert the necessary amount of the cryptocurrency from the user’s account into pesos to make payments, were first offered by Lemon Cash in November. The company had initially offered 100,000 cards. For each purchase, holders of the cards receive two percent back in Bitcoin.

While the cards have been seen as a marketing tool elsewhere, they’re being used in the nation to help temper the impact of surging prices. Argentines fear and seek cover against an accelerating inflation rate that is already the fourth highest in the world, after Venezuela, Lebanon and Zimbabwe, according to data published by Bloomberg

Inflation jumped 3.9 percent last month and 50.7 percent on an annual basis, according to government data published by the INDEC national statistics bureau on Tuesday. Economists surveyed by the Central Bank see inflation reaching 55 percent this year. 

“Latin America is a good place for these services,” Franco Bianchi, Lemon Cash’s…

Read more at www.batimes.com.ar

Should expats use cryptocurrencies to remit money back home? No, here’s why!

Many expats worldwide are trying to use crypto to remit money to cut costs, here’s why you shouldn’t..
Image Credit: Shutterstock

Dubai: Expatriates have always been in search of alternative means to transfer their hard-earned money back home at a lower cost – and now a new, albeit much riskier, way is becoming the talk of the town.

Many expats worldwide are now experimenting with cryptocurrencies to remit money to their families back home and save on commissions charged by exchange houses and banks. But how is it possible?

After cryptocurrencies are bought and stored in a crypto wallet, it can be sent to anybody anywhere who has access to a wallet and can encash the digital currencies. This is possible either by using a private key or passcode shared by the remitter or the cryptocurrencies can also be directly deposited to the recipient’s wallet via a crypto exchange.

In doing so expatriates worldwide are…

Read more at gulfnews.com

10 Cryptocurrency Secrets to Know Before Investing in Them

Cryptocurrencies are booming like anything these days. And so most of the investors are planning to invest in them. But most of the investors do not know things about these digital currencies, right? For them, here you go! Here are the top cryptocurrency secrets that you must know before investing in the crypto market.

 

1 Cryptocurrency is volatile

If you are the one who is constantly following the cryptocurrencies then, you will be able to notice how volatile they are. As virtual trading occurs on various cryptocurrency exchanges rather than a central exchange that indeed leads to an increase in the volatility rate. This is one of the cryptocurrency secrets that you must know before entering the crypto market.

 

2 Digital currencies have no backing fundamentals

Cryptocurrencies are digital currencies that are not backed up by any central banks or governments like normal currencies. This is one of the cryptocurrency secrets that you must know. They don’t even have any tangible fundamental factors with which they can help derive an appropriate valuation too. So, this makes it clear that valuing cryptocurrencies in a traditional sense is more difficult.

 

3 There are more than…

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These are the countries where crypto is restricted or illegal

Bitcoin has been controversial since its beginning in 2009, as have the subsequent cryptocurrencies that followed in its wake.

While widely criticised for its volatility, its use in nefarious transactions and for the exorbitant use of electricity to mine it, Bitcoin is being seen by some, particularly in the developing world, as a safe harbour during economic storms.

But as more people turn to cryptos as either an investment or a lifeline, these issues have manifested in an array of restrictions on their usage.

The legal status of Bitcoin and other altcoins (alternative coins to Bitcoin) varies substantially from country to country, while in some, the relationship remains to be properly defined or is constantly changing.

Whereas the majority of countries don’t make using Bitcoin itself illegal, its status as a means of payment or as a commodity varies with differing regulatory implications.

Some countries have placed limitations on the way Bitcoin can be used, with banks banning its customers from making cryptocurrency transactions. Other countries have banned the use of Bitcoin and cryptocurrencies outright with heavy penalties in place for anyone making crypto transactions.

These…

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The Countries That Have Issued a Bitcoin Ban

Since it first emerged in 2009, Bitcoin has been one of the most controversial assets, followed closely by a number of other cryptocurrencies that surfaced shortly after. 

Bitcoin is an extremely volatile asset that has many restrictions to its usage. While some see cryptocurrency as a safe bet during uncertain economic times, others see the use of digital currency as unreliable. 

The legal status of Bitcoin and other cryptocurrencies differs around the world. In the West, crypto is fast becoming a popular way to purchase goods however, in other countries the digital currency is banned completely. 

This article will take a look at the countries that have banned the use of Bitcoin and the reasons why these decisions have been made. 

Bolivia

There has been a complete ban on Bitcoin in the country of Bolivia since 2014. The currency was banned by the Bolivian Central Bank, which issued a resolution banning it along with any currencies that are not regulated by the economic zone. 

This ban was issued to protect the boliviano (the Bolivian national currency) and to safeguard users from losing their money. When the ban was issued,…

Read more at www.banklesstimes.com

DuPont and VCs see lithium mining as a critical investment for the electric future – TechCrunch

“Mining” has become synonymous with crypto the past few years in the tech industry, what with Bitcoin piercing the $50,000 barrier and GPUs and ASICs worldwide scrambling to hash functions in a bid for distributed crypto manna. That excitement belies an increasingly energetic push though to bring VC dollars and entrepreneurial acumen back to Mining 1.0 — actual meatspace resource extraction.

One of the key target resources is lithium, a critical component for smartphones, electric vehicle batteries and nearly every other electric tool of modern convenience and industrial import. China through its mining companies and battery manufacturers is currently in the lead, thanks to a years-long push to control both the supply of lithium and develop massive new manufacturing capacity to meet global demand. As tensions rise between China and the United States however, companies are racing to find alternative supplies as the world transitions to more electric-based infrastructure systems.

That’s one reason why DuPont is making a push to prove out its extraction technologies.

The water filtration and purification service provider DuPont Water Solutions has teamed up with…

Read more at techcrunch.com