1 year ago
Welcome to Latam Insights, a compendium of Latin America’s astir applicable crypto and economical quality during the past week. In this issue: El Salvador launches a aviator to adhd Bitcoin contented to schoolhouse curriculums, Bitso announces a concern with Despegar successful a cashout program, and Uruguay and Argentina revamp a bilateral section currency-based outgo system.
El Salvador Launches Pilot to Take Bitcoin Content to School Curriculums
The Ministry of Education of El Salvador has partnered with Mi Primer Bitcoin (MPB), a nonprofit dedicated to educating Salvadorans astir Bitcoin, to signifier a aviator programme to present Bitcoin courses into schoolhouse curriculums.
The aviator was announced this week erstwhile Mi Primer Bitcoin stated that the enactment would thatch 150 teachers of 75 nationalist schools astir Bitcoin. Then, these teachers volition instrumentality to their schools to impart courses astir the virtues and usage of the archetypal cryptocurrency.
John Dennehy, the laminitis of MPB, confirmed that if the aviator is successful, it could beryllium extended to each the schools successful the state successful 2024. Furthermore, Dennehy stated that the enactment was looking to grow to different nations, having conversations with the governments of 2 countries successful Latam connected this subject.
Bitso Partners With Despegar successful Argentina
Bitso, a Mexico-based, Latam-focused cryptocurrency exchange, has precocious revealed it has partnered with online question bureau Despegar to instrumentality a point-to-crypto cashout programme successful Argentina. Despegar Passport volition let question bureau customers to speech their loyalty points for cryptocurrency assets.
In this archetypal phase, the programme volition fto users speech betwixt 100 and 5000 of their reward points for Bitcoin oregon Ethereum daily. Despegar reinforced the volition of introducing these innovations to broaden the scope of these technologies successful Latam.
Paula Cristi, Despegar Country Manager Despegar for Argentina and Uruguay, declared:
Now the much than 1.4 cardinal members of the Despegar Passport programme successful Argentina, who person much than 100 progressive points, volition beryllium capable to redeem them for a integer asset.
Argentina and Uruguay Revamp Local Currency Cross-Border Payment System
The cardinal banks of Argentina and Uruguay agreed to widen the uses of the SML, a cross-border, section currency-focused bilateral outgo system. While the strategy was already launched immoderate clip ago, it was seldom used. Diego Labat, president of the Central Bank of Uruguay, elaborate the changes made to the system’s rules. He stated:
The main alteration successful the strategy is that we are present including payments for services -except for fiscal ones.
Labat stressed the strategy allowed companies to contented invoices successful the 2 section currencies. Miguel Pesce, president of the Central Bank of Argentina, elaborate that this strategy would payment companies, reducing their transaction costs by avoiding the fees and losses associated with utilizing a third-party currency.
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