At the beginning of March, the company publication Launch of token-backed loans for Argentine farmers. The transaction was facilitated in collaboration with S.American Agricultural Tokenization Platform Agrotoken.
Banks have also launched an initiative designed to drive the growth of startups related to the global blockchain ecosystem.Santander X Global Challenge — Blockchain and beyond.“
Brazil becomes a hotbed for cryptocurrency finance
In recent months, more and more non-crypto financial companies have unveiled plans to launch crypto ventures in Brazil.
Fintech company PicPay recently announced that it will begin domestic crypto exchange with stablecoin fixed to the Brazilian real by the end of 2022.
At the end of last year, Mercado Libre, Latin America’s largest e-commerce company, gave Brazilian users the option to start buying, selling and holding digital assets using the platform.
Earlier this week, Brazil’s largest digital bank, Nubank, announced that it had gained a whopping 1 million users on its crypto trading platform within just 30 days of its launch.
