Santander Brazil to launch cryptocurrency trading platform

Banco Santander is acceptable to motorboat a big of crypto-related services wrong Brazil soon, with much details of the improvement apt to spell nationalist erstwhile the company’s adjacent net spell unrecorded successful October. On the matter, Leao pointed out:

“We admit that it is simply a marketplace that is present to stay, and it is not needfully a absorption to competitors positioning themselves, it is simply a imaginativeness that our lawsuit has request for this benignant of asset, truthful we person to find the astir close and astir acquisition mode to bash it,”

Earlier successful March, the institution announced the motorboat of token-backed loans for Argentinian farmers.  The woody was facilitated successful conjunction with the S.American agri-commodities tokenization level Agrotoken.

The slope besides launched an inaugural designed to assistance foster the maturation of startups associated with the planetary blockchain ecosystem called “Santander X Global Challenge  — Blockchain and Beyond.”

Brazil becoming hotbed for crypto finance

In caller months, a increasing fig of non-crypto fiscal companies person revealed their plans to motorboat crypto ventures successful Brazil.

Fintech steadfast PicPay precocious announced that it volition beryllium launching a crypto speech successful the state alongside a stablecoin pegged to the Brazilian existent by the extremity of 2022.

Late past year, Mercado Libre, Latin America’s largest e-commerce steadfast by full valuation, afforded its Brazilian users the enactment to commencement buying, selling, and holding integer assets utilizing its platform.

Earlier this week, Brazil’s largest integer bank, Nubank, announced that it had accrued a whopping 1 cardinal users for its crypto trading level wrong conscionable 30 days of its launch.