Brazil's Tecnisa Becomes the Biggest Bitcoin Merchant in Latin America
Brazil-based real estate developer Tecnisa has announced it is now accepting bitcoin, making the company Latin America's largest cryptocurrency-accepting merchant by annual revenue. Figures from the CoinDesk State of Bitcoin Q3 suggest that its revenue figures put Tecnisa among the top 10 largest bitcoin-accepting merchants globally. The publicly traded company boasted net operating revenue of 1.8bn reals in 2013 (approximately $728m). Founded in 1977, Tecnisa has long been at the forefront of integrating new technologies into its platform, becoming one of the country's first merchants to....
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Are you looking to buy real estate in Brazil? It is now possible to do so using Bitcoin. TECNISA, a Brazilian real estate company based in Sao Paolo, accepts bitcoin. In addition, TECNISA provides incentives to its clients to use bitcoin. For example, for every R$ 10,000 (approximately 10.5 BTC) paid in bitcoin you get a discount of 5%, which works out to R$ 500. To enable bitcoin payment TECNISA has partnered with Bitinvest, a financial services provider based in Sao Paolo. Flavio Pripas, Bitinvest's CEO, said: "We offer through our platform faster, cheaper, more secure and transparent....
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Typical Latin America. The region as a whole is having a love/hate relationship with cryptocurrencies. On the one hand, apparently, crypto remittances in Brazil, Argentina, and Venezuela grew 900% last year. On the other, Mexico and Peru’s Central Banks are actively working in their CBDCs. Which way will the scale tip? The jury’s still out […]
Beginning Monday, technology enthusiasts in Brazil became able to convert the Brazilian Real to Bitcoin using a Bitcoin vending machine, also known as a Bitcoin ATM. The unveiling marks the first Bitcoin ATM to be installed in Latin America, with a permanent position at a Sao Paulo bar which is already accepting Bitcoin. As the popularity of digital currency in Latin America continues, many businesses and individuals are taking advantage of the benefits that this new payment method provides. For businesses in developing countries, Bitcoin gives businesses the ability to end costly trade....