The IMF said Brazil's Digital Real could reap the benefits of blockchain technology and compete with privately-issued stablecoins.
Barte aims to scale its operations with the bolstered cash, launching a new credit product later this year.
According to the authorization announcement, the new payment institution of Pomelo will be headquartered in São Paulo.
After the FTX crash rocked the crypto world, Brazil was one of the fastest nations to adapt to the new scenario. Now what's next?
The regulator postponed the implementation of a prudential capital regulation by six months, giving flexibility to fintechs in the sector.
Brazil, the largest country in Latin America, is moving closer to regulating cryptocurrencies with its own version of a Bitcoin law.
With the investment, Portão 3 plans to expand its team and its line of products and services, including corporate credit cards.
The president of the Central Bank of Brazil announced Pix protocols would be made available to other regulators.
For Raízen, the acquisition of Payly represents the first step in developing this payments unit — and a new source of revenue.
The last years have been great for fintechs. But this scenario of rising interest rates and economic uncertainty is hitting companies hard.