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With Investors Expecting a Latin America Cryptocurrency Boom, Mexico’s Bitso Raises $62 Million
Six years after the launch of the Mexico-based cryptocurrency exchange and financial services platform Bitso, the company revealed it has closed on $62 million in financing to capitalize on the cryptocurrency boom investors expect to hit Latin America.
- Categories
- Finance
- Region
- Latin America
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Viewpoint: True Decentralization Is Needed for Financial Inclusion and Coronavirus Stimulus
Blockchain technology can reduce the inefficiency and even corruption that accompany centralization. While those who already have access to significant capital can make blockchain investments, it’s important to remember how everyone from small-business owners and workers to underserved communities can benefit.
- Categories
- Coronavirus, Entrepreneurship, Finance
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Viewpoint: Story From People the Crypto Community Needs to Stand up and Fight Racism
Robert Greenfield is the CEO of Emerging Impact, a benefit corporation that supports NGOs and government agencies to leverage blockchain technology in social protection. Previously he was head of Social Impact & Diversity Programming at ConsenSys.
- Categories
- Coronavirus, Education, Entrepreneurship, Finance, Health Care, Impact Assessment, Investing, Technology
- Region
- North America
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What Is Celo and Could It Succeed Where Libra Won’t?
Celo promises to be a stablecoin to rival Libra. While unlikely to be regarded with the same distrust as Facebook’s much-maligned digital currency, Celo will still have its share of challenges relating to regulation and scale.
- Categories
- Finance, Technology
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Crypto Titans Announcing Libra Clone Targeting 5.6 Billion for Financial Inclusion
Coinbase Ventures, Bitcoin.com, Andreessen Horowitz and Polychain are among the leading technology providers, nonprofits, mobile wallets, payment processors and global investment firms supporting the new ecosystem that plans to offer mobile-friendly financial tools built on top of Celo’s open blockchain platform.
- Categories
- Finance, Technology
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Crypto Titans Announcing Libra Clone Targeting 5.6 Billion for Financial Inclusion
Move over Libra. Facebook’s controversial stablecoin initiative has a new challenger that wants to change the financial system and reimagine how people can gain access to services. Fifty top companies in the cryptocurrency and blockchain industry have launched a new platform called Celo, an open blockchain that’s designed to drive significantly more financial inclusion by reaching people around the world – not through banks, branches and traditional institutions – but through 5.6 billion smartphones.
- Categories
- Finance, Technology
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Mastercard Left Libra Association Over Regulatory and Viability Concerns, Says CEO
Banga said there were no obvious means for the Libra Association to become profitable or make money from its users. "When you don’t understand how money gets made, it gets made in ways you don’t like," he said.
- Categories
- Finance
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Vodafone Is the Eighth Company to Quit Facebook’s Digital Currency Project
British telecommunications firm Vodafone has pulled out of the Libra Association, raising further doubt that the digital currency will get off the ground this year as planned.
- Categories
- Finance
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