Coinverse Bucks Brazil's Speculative Trading Trend With Consumer Bitcoin Solution
Coinverse has launched a new bitcoin banking platform that aims to bring consumer and merchant bitcoin transactions and bitcoin bill payment to the broader Latin American market. The Brazil-based startup sees an unmet demand for user-friendly bitcoin solutions, asserting that its domestic competitors are better catered to experienced bitcoin users and speculative traders. Speaking to CoinDesk, Coinverse financial director Safiri Felix estimated that more than 90% of Brazilians that buy bitcoin view the technology as an investment. As such, he argues there are few existing services that....
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There's a brand-spanking-new bitcoin ATM available for bitcoin enthusiasts available in Brazil, according to a Tuesday announcement from San Diego-based Genesis Coin. Deployed by Coinverse, the Genesis1 ATM is located at the Shopping Nações Unidas at the World Trade Center building in São Paulo, Brazil. Coinverse starts their operations during a time when the world's eyes are fixed on Brazil with the ongoing World Cup games. "This launch comes at an ideal time and place to bring convenience and flexibility to the large number of international tourists who will be visiting Brazil during....
CoinBR has acquired bitcoin banking platform Coinverse in an undisclosed deal that will find the two Brazil-based companies consolidating. Following the deal, CoinBR is looking to expand aggressively, according to chairman Rocelo Lopes, who estimated the company could purchase as many as four competitors as it seeks to create a market-leading universal bitcoin company for Brazil. Lopes indicated that CoinBR will seek to acquire a merchant processor to complement its existing mining, exchange and wallet services, a purchase made possible through profits from his bitcoin mining operations....
Many freelancers living in Brazil are making a living online, yet collecting payments can be a struggle depending on the recipient’s access to financial services. BitWage is on a roll as of late, and the company announced blockchain-based payroll processing and invoicing services for Brazilian customers. Given the company’s focus on international payments, Brazil can be a huge market for Bitwage. With many freelancers active in the country, offering alternative methods of getting paid becomes even more necessary. What makes the invoicing solution provided by BitWage so appealing is how....
Today BTCFlow has launched the first institutional exchange in Brazil, Latin America’s largest economy. “The digital currency market in Brazil is still in its infancy,” said Marcelo Miranda, founder of BTCFlow. “However, we are seeing aggressive growth and adoption in other markets, and have no doubt Brazil will follow suit.” BTCFlow was founded by Marcelo Miranda, a nine-year veteran of the Brazilian division of Deutsche Bank. While at Deutsche, he was the head of equity trading for Brazil. Spanning all of his career, he has accumulated over 15 years in finance and technology.
The Receita Federal, Brazil's tax authority, has established how it will treat the holding and usage of bitcoin and other digital currencies. The news, first reported by Valor and Folha de S. Paulo, confirms that the Brazilian government does not view bitcoin as a currency. The Receita Federal is taking a stance similar to the one announced by the US Internal Revenue Service last month. However, there are some key differences that sets Brazil's stance toward digital currencies apart from those of other governments. Tax limit. Like the United States, Brazil is treating digital currencies as....