Brazil

Ripple launched a fund in Brazil to back projects using the XRP Ledger, boosting blockchain innovation. The XRP Ledger is evolving with new smart contract functionalities and sidechains, aiming to compete with Ethereum. Ripple, a leading cryptocurrency solutions company, has introduced a local fund to support Brazil-based projects utilizing the XRP Ledger (XRPL). This initiative marks the first time Ripple is deploying such a strategy in a specific country, highlighting Brazil’s favorable environment for blockchain development. Ripple’s Strategic Move in…

To help projects utilizing XRP Ledger in Brazil, Ripple opened a local fund. The 4.48% increase in the XRP price in a single day indicates a bullish tendency. Recently, the cryptocurrency services and payments business Ripple announced a local fund to assist projects utilizing the XRP Ledger, the XRP asset blockchain, in Brazil. With Brazil being receptive to blockchain projects, Julia Heitner, Program Manager of the XRPL Grants program, said that this approach would be used there initially. Blockchain Company…

London, England, May 9th, 2024, Chainwire Ramp Network, the financial technology company building payment rails connecting crypto to the global financial system, has added support for the Portuguese language, marking the beginning of a major product localization and accessibility drive. By adding Portuguese language, Ramp is enhancing accessibility to its simplified crypto on- and off-ramps helping users in Brazil to participate in a smooth Web3 onboarding experience through their native language.  As one of the leading providers of fintech infrastructure…

The National Council of Municipalities (CNM) estimates that the losses from these floods have surpassed $54 million. The Bitcoin community has come together to raise funds, providing various donation addresses, including PIX, Bitcoin via Lightning, and SegWit addresses. The state of Rio Grande do Sul, Brazil, has been grappling with the aftermath of devastating floods, causing significant damage and displacement. According to the RS Civil Defense, the crisis has left over 19,000 people in shelters, nearly 122,000 homeless, and around…

The federal government installed a crisis office to closely monitor the situation with the rains that hit Rio Grande do Su, Brazil. The level of the Guaíba River reached its highest level since 1941, with more rain expected. To date, more than 37 people have died, and more than 70 have been injured as storms have hit at least 235 municipalities. Among them is one of the most Bitcoiner cities in Brazil, Rolante. Bitcoin Community United to Help Brazil Local authorities issued…

After announcing in March its plans to include Bitcoin futures in its offerings, B3, a Brazilian stock exchange, has officially opened up trades, achieving a significant milestone on its very first day of trading Bitcoin futures.  B3 Bitcoin Futures Sees Surge In Demand Following its launch of Bitcoin futures on April 17, B3 experienced a massive wave of demand and interest from cryptocurrency enthusiasts eager to trade the newly listed Bitcoin futures. The stock exchange reported that on the debut…

The world’s largest crypto exchange has teamed up with Mastercard, the second-largest global payment processor, to bring a prepaid crypto card to Brazil.  The card will enable Brazillian Binance users to pay bills and make purchases using cryptocurrencies including Bitcoin and BNB. Per Binance’s announcement on Monday, the card can be used with over 90 million Mastercard merchants worldwide, as well as online. Though still in its beta-launch phase, it will soon become widely available. The card works by converting…

Residents of Brazil can now lawfully conduct transactions within the country using cryptocurrency. This major change came into effect after Brazil’s leadership signed a crypto policy authorizing various digital assets as a legal payment method. Bolsonaro Gives His Signature On Thursday, the president of Brazil, Jair Bolsonaro gave the thumbs up for bill 14.478 to enter into law. Of course, Bolsonaro’s approval was only after the policy had successfully gone through the Chamber of Deputies and the Senate. The president…

Brazilian stock exchange B3 is gearing up to launch its first official product targeting the crypto market. A report unveiled this news today, citing B3’s Chief Financial Officer, Andre Milanez. He announced this bullish news during a conference call on Monday. Specifically, Milanez said B3 seeks to roll out Bitcoin (BTC) futures trading within six months. According to the report, Milanez did not share how the product offering would work. It remains unclear whether B3 will team up with another…