Minasul, a Brazillian coffee farming communal is planning to launch a coffee-backed token this month. Jose Marcos Magalhaes, the president of Minasul made this announcement at Global Coffee Forum in Campinas. The farmers can use this token to shop fertilizer, machinery, and even non-farm products online…
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…
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 […]
Brazil is all set to initiate a Cryptocurrency regulatory committee as per the order of the President of the Chamber of Deputies. The regulatory body will comprise of 34 members as per House Rules of Procedure. The Federal Deputy Aureo Ribiero has put up two projects relating to the regulation of crypto. Recently a new […]
These days cryptocurrencies are becoming an easy medium for scammers to dupe people. In a recent event, a group of criminals executed a $200 million heist in Brazil. They lured the public to invest in an unregistered crypto firm. As the usual Modus Operandi goes the scammers assured the investors a 15% return on their […]
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 […]
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.
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.