Cielo supports crypto payments on PoS devices

Cielo Adds Crypto Payments on its 1.4M Point-of-Sale Devices

The giant Brazillian payment system company Cielo is now supporting Bitcoin and other crypto payments on its point-of-sale (PoS) devices. With this development, users can pay with crypto using QR codes on Cielo PoS devices. The firm operates around 1.4 million PoS machines covering 5,500 Brazillian municipalities…

crypto for public transport

Major City of Brazil now accepts crypto for public transport

Citizens of the Brazilian city of Fortaleza will soon be able to pay crypto for public transport. For now, there are only plans to accept Bitcoin. The newer payment options aim at attracting more users and reducing bureaucracy in the system. The local transportation agency Ceará Co-operative of Autonomous Passenger Transporters (COOTRAPS) announced this. The […]

The new stablecoin Real-T

Brazillian Crypto Exchanges Will Issue The New Stablecoin Real-T

Many Brazillian crypto exchange platforms are rising to support a new stablecoin named Real-T. This new stablecoin is an Ethereum-based ERC-20 token that is pegged to the Brazillian real. The crypto platforms including PagCripto, Nox Trading, 3xBit, and Bitcambio are expected to issue this new stablecoin. Real-T is the first of its kind to pegged with the real…

Blockchain Platform In Brazil

R3 Teams With Major Banks To Develop Blockchain Platform In Brazil

R3, Blockchain consortium announced that it is developing a blockchain platform in Brazil during the CIAB Febraban event in São Paulo. The platform will focus on foreign trade and the insurance sector. R3 is a collaboration between large banks and technology companies which is now open to collab with Brazilian banks. Two Brazilian banks, Itau […]

Ripio Launches New Crypto Exchange

Ripio Launches New Crypto Exchange in Latin America

The cryptocurrency startup Ripio launches new crypto exchange for Latin American regions. It will operate in Argentina, Brazil, and Mexico. Mexican users can make fixed price purchase due to regulations. This exchange may publicly launch in the mid-June 2019. As of now, the exchange is in its beta avatar. Currently, the platform has 1000 users […]

Brazilian President Shuts Down Cryptocurrency Development Project

Brazilian President Shuts Down Cryptocurrency Development Project

Jair Bolsonaro, the new Brazilian President, has made an announcement on Twitter about the shutdown of the native cryptocurrency project in Brazil. The president has canceled the $12 million project stating that it was directly given to the National Indian Foundation (Funai) and the Fluminense Federal University (UFF) without following a fair bidding process.

Brazilian Supermarket Chain Accepts Payment in Cryptocurrencies

Brazilian Supermarket Chain Accepts Payment in Cryptocurrencies

Oásis Supermercados, a supermarket chain in Brazil, has announced that it is accepting payments in cryptocurrencies such as bitcoin core, bitcoin cash, and litecoin. The supermarket uses Coinwise payments processor for processing of the payments. The processor accepts digital coins from buyers and converts them into the fiat equivalent. It then sends the Brazilian reals to the supermarket within three days.