The Brazillian Central Bank extends an invitation to new participants to join its CBDC pilot program, marking a significant step towards modernizing the country’s financial landscape.
Justice Alexandre de Moraes rules for X to be restored in Brazil within 24 hours. The decision follows the freezing of Starlink’s financial accounts for non-compliance with censorship measures. The restoration aims to resolve the issue promptly under legal scrutiny.
Brazil intends to reassess Elon Musk’s X ban following a $5M fine payment, mandated by the Brazilian Supreme Court. Stay tuned for updates on this developing situation.
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The Bitcoin Company has launched an instant cross-border payment API for Mexico and Brazil, enabling businesses to send and receive payments between the two countries in real-time and with low fees. The API is integrated with the Bitcoin blockchain and leverages the company’s proprietary technology to facilitate instant settlement and reduce processing times. This move aims to streamline cross-border payments and provide businesses with a cost-effective and efficient way to conduct international transactions.
**The Bitcoin Company Extends Reach in Latin America with Remittances API**
The Bitcoin Company has launched its Remittances API in Mexico and Brazil, expanding its reach in Latin America. The API allows businesses and individuals to integrate Bitcoin remittances into their applications, providing a fast, secure, and cost-effective way to send and receive money across borders.
In Mexico, The Bitcoin Company has partnered with Bitso, the leading crypto exchange in the country, to facilitate peso-to-Bitcoin conversions. In Brazil, it has partnered with Mercado Bitcoin, the largest crypto exchange in the region, for real-to-Bitcoin conversions.
Brazil has seen a dramatic rise in cryptocurrency adoption in June, recording 3.3 million users, its highest-ever figure. Bitcoin has been particularly popular, with a surge of new users tapping into the crypto world.
Brazil’s Central Bank today revealed the name of its digital currency, aimed at simplifying financial services: the Brazilian Digital Payment System (Sped). Analysts have speculated about the impacts of its launch.