According to a recent report, some of the notorious Mexican drug cartels are increasingly using bitcoin for their illicit operations. Among these organizations are Jalisco New Generation Cartel and Sinaloa Cartel. Drug Kingpins Turn to Bitcoin Despite their various merits and numerous proponents, cryptocurrencies have their opponents, too. Those often claim that criminals use bitcoin...Read More
During the last two months since the March 12 crypto market rout, otherwise known as ‘Black Thursday,’ demand for cryptocurrencies seems to be on the rise in certain regions in Latin America. Various reports published this week have noted that countries like Colombia, Venezuela, Argentina, Chile, Brazil, and Mexico have seen significant bitcoin trade volumes....Read More
Cryptocurencies are being widely adopted by many countries across the globe. Curiosity is turning into adoption in many countries as many individuals have started realizing the benefits of digital assets. In Latin America especially, the crypto-trend is gaining momentum. To strengthen its position in Colombia, Paxful has always wanted to diversify its offering. Paxful had...Read More
For quite some time now, Venezuela has been suffering from a political crisis and a collapsing economy. Venezuelans dealing with rampant inflation continue to see their purchasing power decline. After witnessing one of the worst economic disasters in modern history, 4 million citizens have emigrated to seek a better form of money, shelter, and to...Read More
The financial situation in Venezuela continues to evolve in interesting directions. While Bitcoin is still frowned upon in the country, it is also becoming more common. XPay, a cryptocurrency payment processor, is now offering its services in Colombia and Venezuela. As such, pharmaceutical goods can now be purchased with Bitcoin, assuming people are willing to...Read More
On August 26, a pharmacy chain in Venezuela called Farmarket revealed it now accepts cryptocurrencies through the payment provider Xpay, a subsidiary of Panda Group. Arley Lozano, Panda Group’s founder, explained how Farmarket’s pharmacy franchise has 22 stores located across the country and machines will allow people to purchase goods and medicine with cryptocurrencies like...Read More
