Tag Archives: South America

Over 1,500 Bitcoin ATMs to Be Deployed in Argentina in Response to Rampant Inflation

According to representatives from Athena Bitcoin and Odyssey Group, by the end of 2018 Argentina will be host to 30 Bitcoin ATMs. That number will jump to about 150 early next year, and to more than 1,500 by the end of 2019. This crypto expansion into the South American country comes amid an economic crisis that has seen… Read More »

South American Crypto Exchange Buda.com Seeks Help of Colombian President for Reopening

South American cryptocurrency exchange Buda.com has requested Colombian President Iván Duque to help reopen its operations in the country, local news outlet La Republica reported September 21. Digital currency exchange Buda.com — which boasts around 35,000 accounts in Colombia — ceased its operations on June 20 after the country’s banks decided to close all the exchange’s accounts “for… Read More »

Not Just Venezuela, Bitcoin is Seeing Record Volumes Across South America

Bitcoin’s mixed price fortunes could not matter less to some South American markets as trade volumes in several countries see major spikes. Argentina, Peru, Colombia… In spite of BTC/USD trending down towards $6000 yet again this month, economic uncertainty in Venezuela and Argentina continue to see huge volumes of fiat change hands for Bitcoin 00. Data from Coin Dance… Read More »

Stability of Fiat Challenged Again as Bitcoin Outperforms 3 National Currencies Despite a Decline

As the outlook of the global economy is changing, many countries in South America, Africa, and Eastern Europe are facing an economic crisis like the situation with increasing sovereign debt and plunging currencies. This scenario of depreciating currencies has bought the stability of Fiat currencies under question and if research undertaken by Pension Partners is to be believed,… Read More »

New Colombian President Extends a Welcoming Hand to Blockchain and Cryptocurrency

Colombia looks to be the next nation on the map that, like Malta, is making a strong pivot to blockchain and virtual currencies. As the cryptocurrency and blockchain worlds continue to expand, a growing list of nations have begun to place heavy emphasis on both industries. Chief among these is the small island nation of Malta, which has rapidly… Read More »

Crypto Exchange AirTM Targets Troubled Markets With $7 Million Raise

Peer-to-peer cryptocurrency exchange AirTM has raised $7 million in a Series A funding round. The Mexico-based startup, which seeks to help individuals conduct transactions and bypass traditional banking services, revealed the news Wednesday, saying it will direct the funds toward growing its reach across various markets in South America. In particular, the firm intends to target residents of… Read More »

Colombian Banks Close All Accounts of S. American Crypto Exchange Buda

Colombian banks closed all the accounts of South American crypto exchange Buda.com, local news outlet Diario Bitcoin reported June 8, citing an email the company sent to its clients. According to the email, the move was spontaneous, the banks confirming that the accounts had been closed without providing further explanation. The crypto exchange reported soon after the news… Read More »