• Market Cap: $1,146,316,366,130.50
  • 24h Vol: $37,893,937,987.23
  • BTC Dominance: 44.68%
XBT.Market
Advertisement
  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us
No Result
View All Result
XBT.Market
No Result
View All Result
Home Bitcoin

Banking Giant Santander To Offer Bitcoin, Crypto Services In Brazil: Report

Jon Hartney by Jon Hartney
July 29, 2022
in Bitcoin, Blockchain, Business, Market
0
Bitcoiners Are Not Utopians
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

The bank’s CEO said the firm would release more details for its Bitcoin and cryptocurrency services by or before the release of its quarterly results.

Related articles

Bitcoin Can Save California’s Largest Pension Fund From Its Existential Problems

Bitcoin Can Save California’s Largest Pension Fund From Its Existential Problems

June 8, 2023
SEC’s crypto actions surged 183% in 6 months after the FTX collapse

SEC’s crypto actions surged 183% in 6 months after the FTX collapse

June 8, 2023
  • Santander Brazil will begin offering services for bitcoin and other cryptocurrencies in coming months.
  • The CEO said the bank will release more details by or before its next quarterly results report.
  • The bank’s consideration of these new services is not directly influenced by competitor interest in the space, the CEO said.

Santander Brazil, the third-largest private bank in the country, is preparing to launch services for bitcoin and other cryptocurrencies, its CEO Mario Leao said, according to a report from local newspaper Folha de S. Paulo.

“We expect to have definitions about it in the next few months, who knows in the next release [of quarterly results], or even before,” said Leao.

“We recognize that this is a market that’s here to stay,” Leao continued, adding that the bank’s jump onto the cryptocurrency bandwagon is not necessarily a reaction to competitors but rather a response to client demand.

Recently, Brazil’s largest digital bank Nubank, which is backed by Warren Buffett’s Berkshire Hathaway, bought bitcoin and added bitcoin trading to its mobile application, enabling 53 million Brazilians to easily purchase BTC. XP, the largest investment broker in Brazil, and Itau Unibanco, the country’s largest private bank, also announced the imminent offering of similar services to customers. Investment bank behemoth BTG Pactual is also dipping its toes into the market.

Brazil has experienced a heightened level of adoption for bitcoin and other cryptocurrencies. Last year, Chainalysis, an on-chain analytics firm, released a report detailing the top 20 countries globally based on differing metrics to measure adoption. Brazil ranked 14th on the list for overall adoption while also ranking fifth for total on-chain value transacted.

Brazil’s heightened bitcoin adoption links back to the country’s increased innovations in the broader financial services sector; Brazil’s Pix payment system allows any user to instantly transfer payments 24/7, any day of the week. The country is also home to Latin America’s largest cryptocurrency exchange, Softbank-backed Mercado Bitcoin.

Read Entire Article
Tags: bitcoinMagzineCryptocurrencyInvestmentMining Bitcoin
Share76Tweet47

Related Posts

Bitcoin Can Save California’s Largest Pension Fund From Its Existential Problems

Bitcoin Can Save California’s Largest Pension Fund From Its Existential Problems

by Jon Hartney
June 8, 2023
0

California’s largest pension fund has significant unfunded liabilities Operators owe it to the workforce to explore how Bitcoin can

SEC’s crypto actions surged 183% in 6 months after the FTX collapse

SEC’s crypto actions surged 183% in 6 months after the FTX collapse

by Jon Hartney
June 8, 2023
0

The regulator stepped up enforcement actions in the crypto space following the revelations that took place around FTX

SEC is killing innovation in the United States — 1inch co-founder

SEC is killing innovation in the United States — 1inch co-founder

by Jon Hartney
June 8, 2023
0

US-based Web3 companies and cryptocurrency exchanges could be pushed offshore following enforcement actions against

NFT platform Enjin forks Polkadot parachain Efinity to new mainnet

NFT platform Enjin forks Polkadot parachain Efinity to new mainnet

by Jon Hartney
June 8, 2023
0

Enjin chief technology officer Witek Radomski said the new blockchain aims to promote creativity by facilitating the

Polygon Labs president testifies on democratizing the internet with Web3, blockchains

Polygon Labs president testifies on democratizing the internet with Web3, blockchains

by Jon Hartney
June 8, 2023
0

The US House Committee explores blockchain and Web3’s future as industry leaders testify on democratizing the

Load More
  • Trending
  • Comments
  • Latest
NEXO risks 50% drop due to regulatory pressure and investor concerns

NEXO risks 50% drop due to regulatory pressure and investor concerns

September 30, 2022
51% of Ethereum blocks are now compliant with OFAC standards, raising censorship concerns

51% of Ethereum blocks are now compliant with OFAC standards, raising censorship concerns

October 14, 2022
All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

July 7, 2022
Zero-knowledge KYC could solve the privacy vs compliance conundrum: VC partner

Zero-knowledge KYC could solve the privacy vs compliance conundrum: VC partner

October 11, 2022
All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

0
Crypto owners banned from working on US Government crypto policies

Crypto owners banned from working on US Government crypto policies

0
Korean startup Uprise lost $20M shorting LUNC

Korean startup Uprise lost $20M shorting LUNC

0
Ethereum testnet Merge mostly successful — ‘Hiccups will not delay the Merge.’

Ethereum testnet Merge mostly successful — ‘Hiccups will not delay the Merge.’

0
Bitcoin Can Save California’s Largest Pension Fund From Its Existential Problems

Bitcoin Can Save California’s Largest Pension Fund From Its Existential Problems

June 8, 2023
SEC’s crypto actions surged 183% in 6 months after the FTX collapse

SEC’s crypto actions surged 183% in 6 months after the FTX collapse

June 8, 2023
SEC is killing innovation in the United States — 1inch co-founder

SEC is killing innovation in the United States — 1inch co-founder

June 8, 2023
NFT platform Enjin forks Polkadot parachain Efinity to new mainnet

NFT platform Enjin forks Polkadot parachain Efinity to new mainnet

June 8, 2023

XBT.Market

This website is an automated news feed powered by the Nebulome cloud system. The site is made possible by YYC TECH Consulting and Alberta Digital Mining Company. As a team with major crypto and bitcoin enthusiasm, we have curated major sources of news, trading and financial data to bring you, our viewer, an unbiased source of truth.

Recent Posts

  • Bitcoin Can Save California’s Largest Pension Fund From Its Existential Problems June 8, 2023
  • SEC’s crypto actions surged 183% in 6 months after the FTX collapse June 8, 2023
  • SEC is killing innovation in the United States — 1inch co-founder June 8, 2023
  • NFT platform Enjin forks Polkadot parachain Efinity to new mainnet June 8, 2023
  • Polygon Labs president testifies on democratizing the internet with Web3, blockchains June 8, 2023

News Categories

  • Bitcoin
  • Blockchain
  • Business
  • Market

Tags

bitcoinMagzine Cointelegraph Cryptocurrency insidebitcoins Investment Mining Bitcoin NewsBTC

Quicklinks

  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us

© 2022 Xbt.Market - Powered by YYC Tech Consulting & ADMCO.

No Result
View All Result
  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us

© 2022 Xbt.Market by Nebulome.

  • bitcoinBitcoin(BTC)$26,417.00-1.48%
  • ethereumEthereum(ETH)$1,843.65-1.16%
  • USDEXUSDEX(USDEX)$1.07-0.53%
  • tetherTether(USDT)$1.000.08%
  • binancecoinBNB(BNB)$264.47-3.14%
  • usd-coinUSD Coin(USDC)$1.00-0.01%
  • rippleXRP(XRP)$0.52-2.22%
  • staked-etherLido Staked Ether(STETH)$1,841.52-1.09%
  • cardanoCardano(ADA)$0.327406-3.18%
  • dogecoinDogecoin(DOGE)$0.068076-0.09%
  • solanaSolana(SOL)$18.78-5.26%
  • matic-networkPolygon(MATIC)$0.78-1.94%
  • tronTRON(TRX)$0.0775430.29%
  • litecoinLitecoin(LTC)$87.93-2.44%
  • polkadotPolkadot(DOT)$5.01-2.21%
  • binance-usdBinance USD(BUSD)$1.000.09%
  • avalanche-2Avalanche(AVAX)$13.91-3.51%
  • shiba-inuShiba Inu(SHIB)$0.000008-0.59%
  • daiDai(DAI)$1.00-0.04%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$26,509.00-1.20%
  • uniswapUniswap(UNI)$4.63-1.36%
  • leo-tokenLEO Token(LEO)$3.520.26%
  • chainlinkChainlink(LINK)$5.99-1.51%
  • cosmosCosmos Hub(ATOM)$9.58-3.51%
  • okbOKB(OKB)$44.46-2.06%
  • moneroMonero(XMR)$144.35-0.93%
  • Aerarium FiAerarium Fi(AERA)$7.14-13.11%
  • ToncoinToncoin(TON)$1.65-0.21%
  • ethereum-classicEthereum Classic(ETC)$16.99-1.36%
  • stellarStellar(XLM)$0.087159-1.64%
  • bitcoin-cashBitcoin Cash(BCH)$111.79-0.57%
  • true-usdTrueUSD(TUSD)$1.00-0.06%
  • lido-daoLido DAO(LDO)$2.18-8.42%
  • internet-computerInternet Computer(ICP)$4.16-3.53%
  • filecoinFilecoin(FIL)$4.12-4.10%
  • quant-networkQuant(QNT)$111.21-4.22%
  • crypto-com-chainCronos(CRO)$0.059429-0.43%
  • AptosAptos(APT)$7.73-3.45%
  • hedera-hashgraphHedera(HBAR)$0.048447-1.81%
  • GGTKNGGTKN(GGTKN)$0.1121180.75%
  • ArbitrumArbitrum(ARB)$1.13-2.58%
  • vechainVeChain(VET)$0.017833-3.47%
  • nearNEAR Protocol(NEAR)$1.41-3.86%
  • apecoinApeCoin(APE)$2.91-1.98%
  • the-graphThe Graph(GRT)$0.114126-1.47%
  • paxos-standardPax Dollar(USDP)$1.00-0.06%
  • fraxFrax(FRAX)$1.00-0.08%
  • EdgecoinEdgecoin(EDGT)$1.00-0.03%
  • eosEOS(EOS)$0.890.88%
  • rocket-poolRocket Pool(RPL)$47.47-1.79%
  • the-sandboxThe Sandbox(SAND)$0.487890-4.28%
  • algorandAlgorand(ALGO)$0.124900-5.91%
  • blockstackStacks(STX)$0.641.48%
  • elrond-erd-2MultiversX(EGLD)$34.96-3.03%
  • optimismOptimism(OP)$1.38-2.30%
  • Rocket Pool ETHRocket Pool ETH(RETH)$1,981.03-1.14%
  • aaveAave(AAVE)$59.77-2.03%
  • fantomFantom(FTM)$0.293119-2.13%
  • render-tokenRender(RNDR)$2.22-3.94%
  • tezosTezos(XTZ)$0.84-3.89%
  • decentralandDecentraland(MANA)$0.417941-5.29%
  • theta-tokenTheta Network(THETA)$0.76-1.31%
  • usddUSDD(USDD)$1.000.09%
  • immutable-xImmutableX(IMX)$0.72-0.38%
  • axie-infinityAxie Infinity(AXS)$6.24-4.65%
  • BitDAOBitDAO(BIT)$0.482989-1.82%
  • WhiteBIT TokenWhiteBIT Token(WBT)$4.820.09%
  • radixRadix(XRD)$0.067060-1.49%
  • havvenSynthetix Network(SNX)$2.13-4.07%
  • Bitget TokenBitget Token(BGB)$0.4825211.25%
  • kucoin-sharesKuCoin(KCS)$6.85-3.03%
  • flowFlow(FLOW)$0.63-3.86%
  • neoNEO(NEO)$9.00-2.88%
  • galaGALA(GALA)$0.026055-2.16%
  • curve-dao-tokenCurve DAO(CRV)$0.76-2.55%
  • CloutContractsCloutContracts(CCS)$52.461,000.00%
  • bitcoin-cash-svBitcoin SV(BSV)$30.28-1.18%
  • terra-lunaTerra Luna Classic(LUNC)$0.0000991.94%
  • gemini-dollarGemini Dollar(GUSD)$1.00-0.17%
  • makerMaker(MKR)$629.590.18%
  • gatechain-tokenGate(GT)$4.06-1.95%
  • injective-protocolInjective(INJ)$6.93-3.44%
  • kavaKava(KAVA)$0.99-11.05%
  • klay-tokenKlaytn(KLAY)$0.164336-7.44%
  • marumaruNFTmarumaruNFT(MARU)$0.24991121.40%
  • bittorrentBitTorrent(BTT)$0.0000010.31%
  • iotaIOTA(MIOTA)$0.180107-1.80%
  • pax-goldPAX Gold(PAXG)$1,920.53-0.54%
  • Tokenize XchangeTokenize Xchange(TKX)$6.14-3.17%
  • casper-networkCasper Network(CSPR)$0.044045-0.46%
  • compound-ethercETH(CETH)$37.04-1.17%
  • tether-goldTether Gold(XAUT)$1,946.36-0.72%
  • conflux-tokenConflux(CFX)$0.228311-4.71%
  • xdce-crowd-saleXDC Network(XDC)$0.0345792.19%
  • chilizChiliz(CHZ)$0.087628-4.12%
  • huobi-tokenHuobi(HT)$2.85-0.95%
  • binaryxBinaryX(BNX)$165.90-5.97%
  • PepePepe(PEPE)$0.000001-3.82%
  • mina-protocolMina Protocol(MINA)$0.491925-2.32%
  • gmxGMX(GMX)$51.20-2.92%