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The joint effort between Mastercard and Binance to offer crypto card services in Argentina, Brazil, Colombia, and Bahrain will end on Sep. 22. Binance Cards enable users to use regular currencies like USD to make purchases, backed by their crypto holdings on Binance. The end of this collaboration doesn’t impact Mastercard’s other crypto card partnership s, like the one with Gemini, a crypto exchange. You might also like: Binance partners with MasterCard in Brazil Mastercard has not revealed the exact reasons for ending its partnership with Binance. Nonetheless, in line with its policies, the company conducts thorough assessments and continuous monitoring for all partnership s related to cryptocurrencies. Hello there, The Binance Card will no longer be available to users in Latin America and the Middle East. The product, like most debit cards, has been utilized by Binance’s users to pay for basic daily expenses but in this case, the cards are funded with crypt...

Implement Crypto To Avoid High Costs In Latin America and the Caribbean, Island Pay will roll out a digital wallet that uses Circle’s USDC stablecoin as its main medium of exchange. The wallet, known as CiNKO , will be offered in more than 30 nations and will enable users to fund prepaid cards, conduct business with vendors, and send payments to other users even if they don’t have a bank account. advertisement “Our goal is to continuously look for ways to advance financial inclusion in the region and enhance financial experiences for both the unbanked and banked populations,” Island Pay CEO Richard Douglas stated. Bloomberg reported that according to an email from Circle’s Chief Business Officer Kash Razzaghi, the CiNKO wallet is a component of a larger initiative to introduce stablecoins and decentralized finance protocols in Latin America . According to a recent report by Circle, the technology might cut the cost of sending mone...

The regulated Bitcoin futures index is reportedly a first in Latin America and is set to debut in May. The securities regulator of Argentina has approved a Bitcoin-based futures index set to debut on the Matba Rofex exchange. The Bitcoin futures contract will start trading in May and the exchange claimed it will be the first regulated Bitcoin futures in Latin America. The National Commission Of Value (CNV), the country's securities regulator, approved the Bitcoin (BTC) futures index as part of a strategic innovation agenda. The innovation agenda launched in the first quarter of 2022 is focused on creating a space for public-private collaboration aimed at creating new and creative products in the capital market. The Bitcoin futures contract will be based on the price of BTC provided by various entities in the nation offering BTC/ARS trading pairs. All trades will be settled in the national fiat currency and traders will be required to deposit Argentine pesos through bank transfer...