Latam continues to expand in terms of the scene of the cryptocurrency.
The outstanding points for this week included the Avalanche Foundation Foundation, which provides the Avalanche card, a credit card for users in Latin America and the United States.
The card, which was announced in a statement to Cointelegraph EN Español seeks to use cryptocurrencies as a powerful tool for daily transactions.
According to John Wu, the head of AVA LABS, the card image provides a credit card -like experience, which reflects the popularity of the growing digital assets.
Using Avalanche Card, the Avalanche network securely merges a possible way of payment within the visa network, allowing users to spend their digital assets more easily without jumping between platforms.
Through this initiative, users can use cryptocurrencies such as USDC, USDT, Avax (Wavax) and AVAX to buy goods and services online or in any merchant that accepts VISA.
The card, which is also marketed towards independents and demagogy with bank deficiency, focuses on financial inclusion in Argentina- for example- where about 30 % of adults cannot access traditional banking services.
The aerial collapse card, backed by the widest visa acceptance network, simplifies access to decentralized financing (Defi) and enables users to maintain effectiveness in the addresses of the self -needs portfolio.
Tether Bets on Latam by moving to El Salvador
Tether, the Stablecoin giant, has been transferred to El Salvador and plans to acquire large agricultural companies such as Adecoagro.
Unlike other recent Tether news, the highest steps stablecoin takes steps to ensure their survival in the face of potential existential threats from American institutions.
According to Cointelegraph, Tether aims to create a Stablecoin market in a more suitable organizational environment.
Shopify’s development may be seen in areas including energy, AI and agriculture as a successful diversification strategy or a risky pursuit of growth.
According to the report, USDT has the ability to become the digital resort for America with the expansion of the Tether range throughout the region.
The company’s activities may be affected by regional economic and jius, but its goal is to create a financial system based on Blockchain technology for its inclusion and development.
Investing in Adecoagro is more than just financial treatment; It is a commitment to linking digital and real economies.
Tether faces organizational obstacles and competition from new participants in Stablecoin such as Circle and Paxos.
Tether’s effect on the financial future in Latin America will demand organizational certainty, despite the difficult way forward.
Peru is ranked third in the growth of Latam’s encryption
Peru has emerged as a major player in the Bitcoin sector in Latin America.
according toLatest Lemon Research“Estado de la Industria Crypto 2024,” (the state of the encryption industry 2024) is ranked seventh in terms of the value of the encrypted currency received.
The report shows that the country is ranked third in the annual growth within the region.
This rapid rise is driven by developments in legislative frameworks, technical integration, and the increasing public interest in digital assets such as bitcoin.
according toCointelegraphMany factors such as improvements to regulations, technology development and constantly growing population attention to digitally owned themes (Bitcoin caused this accelerated height.
According to the lemon report, Peru has achieved many prominent landmarks that contributed to the expansion of the encryption scene during the past year.
The main point came with the implementation of the interim operation, allowing local and foreign technology to interact with the Bero financial system.
This was an initiative from the Central Reserve Bank in Peru and the electronic replacement room (CCE)
This partnership allowed a smooth user experience through deposits and clouds in local currency (SOL) for companies such as lemon.
In addition to the interim operation, the search highlights Beru Fintech Boom, with 346 active institutions by 2023, an increase of 20 % over 288 previous year.
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