• BTC Dominance: %
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
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 derivatives data shows room for BTC price to move higher this week

January 23, 2023

Bitcoin price consolidation opens the door for APE, MANA, AAVE and FIL to move higher

January 22, 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 derivatives data shows room for BTC price to move higher this week

by Jon Hartney
January 23, 2023
0

BTC options data suggest that the Bitcoin price rally still has legs, even with wider economic concerns growing and the

Bitcoin price consolidation opens the door for APE, MANA, AAVE and FIL to move higher

by Jon Hartney
January 22, 2023
0

BTC could take a break from its sharp rally and if BTC price bounces off underlying support, APE, MANA, AAVE...

Genesis bankruptcy case scheduled for first hearing

by Jon Hartney
January 22, 2023
0

The first hearing in Genesis Capital's bankruptcy case will be held on January 23, according to court filings

Terra lending protocol Mars to launch mainnet

by Jon Hartney
January 22, 2023
0

The Mars Hub will launch an independent Cosmos application chain and issue MARS to users who hold the token during...

Central African Republic eyes legal framework for crypto adoption

by Jon Hartney
January 22, 2023
0

A 15-member committee is tasked with working on a legal framework that will allow cryptocurrencies to operate in

Load More
  • Trending
  • Comments
  • Latest

Ethereum Classic gets ‘endorsement’ from Vitalik Buterin, but ETC price still risks 50% crash

July 27, 2022

Critique on Helium’s $6.5K monthly revenue causes a stir

July 28, 2022

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

July 7, 2022

Cardano Vasil hard fork hit with another delay for several weeks

July 29, 2022

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

0

Crypto owners banned from working on US Government crypto policies

0

Korean startup Uprise lost $20M shorting LUNC

0

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

0

Bitcoin derivatives data shows room for BTC price to move higher this week

January 23, 2023

Bitcoin price consolidation opens the door for APE, MANA, AAVE and FIL to move higher

January 22, 2023

Genesis bankruptcy case scheduled for first hearing

January 22, 2023

Terra lending protocol Mars to launch mainnet

January 22, 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 derivatives data shows room for BTC price to move higher this week January 23, 2023
  • Bitcoin price consolidation opens the door for APE, MANA, AAVE and FIL to move higher January 22, 2023
  • Genesis bankruptcy case scheduled for first hearing January 22, 2023
  • Terra lending protocol Mars to launch mainnet January 22, 2023
  • Central African Republic eyes legal framework for crypto adoption January 22, 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)$23,380.000.27%
  • ethereumEthereum(ETH)$1,668.350.80%
  • USDEXUSDEX(USDEX)$1.07-0.53%
  • tetherTether(USDT)$1.000.01%
  • binancecoinBNB(BNB)$332.271.17%
  • usd-coinUSD Coin(USDC)$1.000.00%
  • rippleXRP(XRP)$0.4112240.37%
  • Binance USDBinance USD(BUSD)$1.00-0.03%
  • cardanoCardano(ADA)$0.4006860.09%
  • dogecoinDogecoin(DOGE)$0.0966533.24%
  • matic-networkPolygon(MATIC)$1.241.49%
  • OKBOKB(OKB)$43.766.09%
  • SolanaSolana(SOL)$24.37-0.47%
  • Shiba InuShiba Inu(SHIB)$0.0000157.76%
  • Lido Staked EtherLido Staked Ether(STETH)$1,662.850.77%
  • polkadotPolkadot(DOT)$6.86-0.12%
  • litecoinLitecoin(LTC)$98.56-0.20%
  • AvalancheAvalanche(AVAX)$21.00-0.96%
  • tronTRON(TRX)$0.0650422.44%
  • UniswapUniswap(UNI)$7.271.84%
  • daiDai(DAI)$1.000.08%
  • cosmosCosmos Hub(ATOM)$14.65-1.20%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$23,378.000.41%
  • chainlinkChainlink(LINK)$7.220.20%
  • ToncoinToncoin(TON)$2.330.02%
  • ethereum-classicEthereum Classic(ETC)$23.741.96%
  • leo-tokenLEO Token(LEO)$3.491.42%
  • moneroMonero(XMR)$172.890.02%
  • AptosAptos(APT)$16.630.79%
  • bitcoin-cashBitcoin Cash(BCH)$137.510.59%
  • Aerarium FiAerarium Fi(AERA)$7.14-13.09%
  • stellarStellar(XLM)$0.0929510.10%
  • ApeCoinApeCoin(APE)$5.89-0.74%
  • NEAR ProtocolNEAR Protocol(NEAR)$2.543.58%
  • CronosCronos(CRO)$0.0833141.38%
  • filecoinFilecoin(FIL)$5.53-1.21%
  • QuantQuant(QNT)$143.08-0.65%
  • algorandAlgorand(ALGO)$0.268172-0.24%
  • HederaHedera(HBAR)$0.0728163.20%
  • Lido DAOLido DAO(LDO)$2.19-2.45%
  • vechainVeChain(VET)$0.0248420.69%
  • FantomFantom(FTM)$0.62-1.44%
  • Internet ComputerInternet Computer(ICP)$5.921.99%
  • decentralandDecentraland(MANA)$0.780.23%
  • The SandboxThe Sandbox(SAND)$0.771.81%
  • Axie InfinityAxie Infinity(AXS)$11.623.07%
  • AaveAave(AAVE)$88.97-0.93%
  • eosEOS(EOS)$1.100.32%
  • FlowFlow(FLOW)$1.160.59%
  • MultiversXMultiversX(EGLD)$46.732.16%
  • Terra Luna ClassicTerra Luna Classic(LUNC)$0.000193-1.46%
  • theta-tokenTheta Network(THETA)$1.142.78%
  • tezosTezos(XTZ)$1.182.88%
  • FraxFrax(FRAX)$1.00-0.28%
  • The GraphThe Graph(GRT)$0.11244314.14%
  • true-usdTrueUSD(TUSD)$1.00-0.03%
  • huobi-tokenHuobi(HT)$5.812.92%
  • paxos-standardPax Dollar(USDP)$1.00-0.04%
  • kucoin-sharesKuCoin(KCS)$8.820.94%
  • havvenSynthetix Network(SNX)$2.756.41%
  • bitcoin-cash-svBitcoin SV(BSV)$43.720.84%
  • Curve DAOCurve DAO(CRV)$1.09-0.94%
  • ChilizChiliz(CHZ)$0.145656-0.49%
  • PancakeSwapPancakeSwap(CAKE)$4.606.44%
  • Rocket PoolRocket Pool(RPL)$40.28-0.20%
  • Frax ShareFrax Share(FXS)$10.29-5.08%
  • eCasheCash(XEC)$0.0000390.20%
  • BitTorrentBitTorrent(BTT)$0.0000011.68%
  • ImmutableXImmutableX(IMX)$0.91-2.68%
  • USDDUSDD(USDD)$0.990.01%
  • Trust WalletTrust Wallet(TWT)$1.691.54%
  • iotaIOTA(MIOTA)$0.2480732.14%
  • Mina ProtocolMina Protocol(MINA)$0.84-0.32%
  • dashDash(DASH)$61.08-1.11%
  • BitDAOBitDAO(BIT)$0.580.62%
  • KlaytnKlaytn(KLAY)$0.2135561.31%
  • GateGate(GT)$4.500.18%
  • OptimismOptimism(OP)$2.99-0.46%
  • makerMaker(MKR)$708.770.89%
  • neoNEO(NEO)$8.80-0.55%
  • cUSDCcUSDC(CUSDC)$0.0227480.02%
  • ArweaveArweave(AR)$11.98-1.69%
  • zcashZcash(ZEC)$46.29-0.28%
  • GMXGMX(GMX)$70.04-7.68%
  • RadixRadix(XRD)$0.057593-2.62%
  • OKCOKC(OKT)$32.356.24%
  • gemini-dollarGemini Dollar(GUSD)$1.010.68%
  • cDAIcDAI(CDAI)$0.0221920.14%
  • THORChainTHORChain(RUNE)$1.86-1.22%
  • OsmosisOsmosis(OSMO)$1.04-4.95%
  • Tokenize XchangeTokenize Xchange(TKX)$6.820.98%
  • Baby Doge CoinBaby Doge Coin(BABYDOGE)$0.00000053.85%
  • RenderRender(RNDR)$1.777.55%
  • WhiteBIT TokenWhiteBIT Token(WBT)$4.10-0.39%
  • loopringLoopring(LRC)$0.402400-1.12%
  • PAX GoldPAX Gold(PAXG)$1,862.41-0.06%
  • enjincoinEnjin Coin(ENJ)$0.4872012.75%
  • Convex FinanceConvex Finance(CVX)$6.56-0.52%
  • zilliqaZilliqa(ZIL)$0.030152-0.22%
  • 1inch1inch(1INCH)$0.619.24%