Cryptocurrency start-ups in Chile are facing yet another hurdle as individual banks take a hard line against cryptocurrency exchanges. BancoEstado, Scotiabank and Itaú have become the latest institutions to demonstrate a lack of faith in the digital currency. The most recent operator to fall victim to strict banking policies was Santiago-based CryptoMKT, who were told
Cryptocurrencies have taken the world by storm in recent years, popping up across the globe in one form or another. From Burger King’s WhopperCoin in Russia to Nicolas Maduro’s attempt to reignite Venezuela’s economy with its new cryptocurrency Petro. Everyone appears to be launching their own cryptocurrency, even Pablo Escobar’s, Roberto, has announced that he intends to
Google’s investment into Latin American markets continues to amp up, as representatives from the Silicon Valley tech giant announced Argentina, Mexico, and Colombia as three new sites for Google Launchpad, according to a report from Spain’s El País. As part of the Google Launchpad program, selected companies are taken to Silicon Valley for an intensive two-week
Peruvian startups set a record for sales in 2017 as the industry continues to be a boon following a push in the right direction from the government. Peru’s Ministry of Production began StartUp Perú in 2012, which helps provide financial assistance to get startups off the ground. Ministry staffers said the project was born out of
Espacio incubator today announces their newest Spanish language project, Mi Dinero, a publication dedicated to covering cryptocurrencies, blockchain technologies, and the Fintech world. The project began to take root mid-2017, in response to the lack of up-to-date, accessible and informative industry news for the emerging topics in Latin America. The publication team is made up of
Many North American companies consider Latin America as a region with high-performance software developing teams, able to compete with any region in the world in terms of best practices, quality and performance. Though there are also still some challenges.
The most prominent fintech leaders in Latin America gathered together along with more than 300 attendees at Miami’s first ever FINNOSUMMIT – consolidating itself as the largest fintech conference in the region.
Mexican lawmakers are close to passing a progressive bill to legalize and regulate fintech companies and services, a beacon of light for sector development across Latin America.
In Latin America 400 million people do not have bank accounts, leading the fintech community to hone in on financial inclusion as a strategic objective for growth.
With many in Latin America paying bills in cash, stashing their earnings at home and taking loans from local money lenders, it’s no surprise that fintech is one of the regions fastest growing markets. The unbanked often lack access to financial institutions – and with no credit history, don’t meet the requirements to support a