Crypto News: Key Developments in LATAM With Nexo and Worldcoin Expansion

Saturday, 28 September 2024, 20:28

Crypto news highlights the burgeoning activity in LATAM as Nexo joins the Fintech Association in Colombia and Worldcoin expands services to Guatemala. This growing interest in cryptocurrencies across Latin American countries illustrates a significant shift towards digital finance, with crypto adoption increasing in countries like Bolivia and advancements in Brazil's CBDC initiatives. Stay updated with the latest crypto trends impacting the region.
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Crypto News: Key Developments in LATAM With Nexo and Worldcoin Expansion

Crypto News: Nexo Joins Colombia's Fintech Association

Nexo has taken a significant step in its regional expansion by joining the Fintech Association in Colombia. With this move, Nexo aims to strengthen its presence in the growing Latin American market.

Worldcoin's Expansion into Guatemala

In a bid to address digital identity challenges, Worldcoin is extending its World ID verification service to Guatemala. This expansion highlights the growing importance of securing digital identities in the modern landscape.

Bolivia's Crypto Transactions Surge Following Ban Lift

Bolivia is witnessing a rapid rise in cryptocurrency activity after the Central Bank lifted the long-standing ban on digital assets. According to the Central Bank of Bolivia (BCB), crypto transactions have seen a 100% growth in just three months.

  • From July to August, the average crypto trading volume reached $15.6 million.
  • This is a significant rise from the $7.6 million recorded during the first half of the year.

Many Bolivians are turning to stablecoins as a preferred option for e-commerce and international transactions. BCB President Edwin Rojas emphasized the importance of this shift for Bolivia's digital economy.

For more details on these developments, visit credible sources to gain deeper insights.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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