Bitfinex forms strategic partnership in Latin America, driving crypto adoption in the region

TL;DR Breakdown

  • Bitfinex’s partnership with OrionX in Latin America showcases its strategic focus on driving crypto adoption in the region.
  • Bitfinex promotes inclusivity and diversity within the crypto industry by sponsoring educational programs.
  • Latin America has become an increasingly attractive cryptocurrency market, drawing attention from investors worldwide.

Bitfinex, the major digital asset platform, has announced its latest partnership in Latin America. In a strategic move aimed at driving widespread adoption in the region, Bitfinex has invested in OrionX, one of Chile’s leading cryptocurrency exchanges.

The collaboration between these two dynamic companies will have a transformative impact on the local crypto landscape, focusing on bolstering educational initiatives and fostering financial inclusivity.

This development follows Bitfinex’s notable achievement just over a month ago, when its subsidiary, Bitfinex Securities El Salvador, obtained an operating license from the National Digital Asset Commission in El Salvador.

This license allows them to issue and trade secondary assets through a fully compliant platform that adheres to local regulations. The company’s ongoing commitment to regulatory compliance underscores its dedication to building a secure and reliable crypto ecosystem.

Furthermore, Bitfinex has promoted technological empowerment by sponsoring a comprehensive three-week boot camp in Paraguay. This boot camp specifically targeted women, allowing them to acquire fundamental coding skills.

By fostering inclusivity and diversity within the industry, Bitfinex is making significant strides toward leveling the playing field and ensuring equal access to cryptocurrency opportunities.

Latin America has emerged as a burgeoning market within the crypto sphere over the past year, attracting attention from investors worldwide. Bitfinex’s strategic investments and partnerships in the region demonstrate the company’s unwavering belief in Latin America’s immense potential and opportunities.

By actively engaging with local exchanges, supporting educational programs, and advocating for financial freedom, Bitfinex is shaping the future of cryptocurrencies in the region.

With its proactive approach and commitment to driving adoption, Bitfinex is poised to play a pivotal role in shaping the trajectory of the Latin American crypto landscape.

By embracing collaboration, education, and inclusivity, Bitfinex is making valuable contributions to the region’s crypto ecosystem, ultimately empowering individuals and communities to participate in the digital economy.

The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.

文章来源于互联网:Bitfinex forms strategic partnership in Latin America, driving crypto adoption in the region

Disclaimers:

1. You are solely responsible for your investment decisions and this info is not liable for any losses you may incur.

2. The copyright of this article belongs to the writer, it represents the writer's opinions only, not represents the site's ones. Not financial advice.

Previous 2023年5月26日 10:07
Next 2023年5月26日 11:09

Related articles

  • Cryptopay EU Card Provider Faces License Revocation, Urges Users to Safeguard Funds

    TL;DR Breakdown Cryptopay, an EU debit card provider, has lost its Electronic Money Institution (EMI) license due to the revocation of UAB PayrNet’s license by the Bank of Lithuania. While funds held in Cryptopay accounts remain secure, users are advised to spend or transfer funds from their cards to mitigate potential disruptions. Cryptopay is working on a new debit card program to address the needs of affected users. Description Cryptopay, a popular European Union (EU) debit card provider for cryptocurrency users, has recently faced a setback as its app’s provider, UAB PayrNet, had its Electronic Money Institution (EMI) license revoked by the Bank of Lithuania. The revocation of the license raises concerns that EU cardholders may experience disruptions in their card services.  However, Cryptopay … Read more Cryptopay, a popular European Union (EU) debit card provider for cryptocurrency users, has recently faced a setback as its app’s provider, UAB PayrNet, had its Electronic Money Institution (EMI) license revoked by the Bank of Lithuania. The revocation of the license raises concerns that EU cardholders may experience disruptions in their card services. …

    Article 2023年6月25日
  • EU and US join forces for AI standards interim solution

    TL;DR Breakdown The European Union (EU) and the United States are joining forces to address the need for minimum AI standards as new comprehensive AI legislation is being developed. The EU’s forthcoming AI Act could be the world’s first comprehensive AI legislation, but it may take one to two years to be fully implemented. The fourth ministerial-level meeting of the Trade and Technology Council (TTC) will discuss generative AI algorithms and the need for regulatory oversight. In an unprecedented move towards global collaboration in the realm of artificial intelligence (AI), the European Union (EU) and the United States are jointly addressing the pressing need for an interim solution to AI standards. The call for an expeditious response comes as new legislation governing the use of AI is on the horizon but has yet to be formalized and enacted. Establishing AI standards: A global imperative Margrethe Vestager, the EU’s tech czar and Vice-President of the European Commission, stressed on the urgency to establish minimum standards to bridge the gap until the new laws take effect. The forthcoming AI Act from the…

    Article 2023年5月25日
  • Can China save Argentina from IMF default?

    TL;DR Breakdown China helped Argentina avert a default with the IMF by allowing access to a $3 billion currency swap line. The terms and conditions of this currency swap between China and Argentina remain opaque, leading to questions about China’s intentions. Argentina’s relationship with China encompasses extensive investment and trade, beyond this financial rescue. Description With the weight of economic turmoil bearing down, Argentina has found itself once again on the brink of defaulting on its IMF debt. However, as the world looked on with a mix of concern and skepticism, a powerful ally emerged to throw the struggling nation a lifeline: China. But can China really save Argentina from … Read more With the weight of economic turmoil bearing down, Argentina has found itself once again on the brink of defaulting on its IMF debt. However, as the world looked on with a mix of concern and skepticism, a powerful ally emerged to throw the struggling nation a lifeline: China. But can China really save Argentina from IMF default, or is this merely a temporary solution to a chronic…

    Article 2023年8月4日
  • BlackRock CEO Larry Fink believes crypto, specifically Bitcoin, could revolutionize finance

    TL;DR Breakdown BlackRock CEO Larry Fink believes that cryptocurrencies, particularly Bitcoin, have the potential to revolutionize the financial system by tokenizing assets and securities. BlackRock’s iShares unit has filed for a spot Bitcoin exchange-traded fund (ETF), but Fink did not provide a timeline for regulatory approval. Fink refers to Bitcoin as “digital gold” and suggests it can be an alternative investment to hedge against inflation and country-specific challenges. Description In an interview with FOX Business on Wednesday, BlackRock CEO Larry Fink expressed his belief in the transformative potential of cryptocurrencies, particularly Bitcoin. Fink, who was previously known for his skepticism towards crypto, acknowledged that the tokenization of assets and securities, which Bitcoin represents, could revolutionize the financial system. He highlighted the international nature of … Read more In an interview with FOX Business on Wednesday, BlackRock CEO Larry Fink expressed his belief in the transformative potential of cryptocurrencies, particularly Bitcoin. Fink, who was previously known for his skepticism towards crypto, acknowledged that the tokenization of assets and securities, which Bitcoin represents, could revolutionize the financial system. He highlighted the international…

    Article 2023年7月8日
  • I asked ChatGPT: What will the price of Shiba Inu be on November 5?

    TL;DR Breakdown Speculating the potential valuation of the Shiba Inu token (SHIB) for November 5, 2023, we consulted OpenAI’s language model, GPT-4, for insights. GPT-4 indicated the inherent complexities in predicting cryptocurrency prices, given their inherent volatility. Shiba Inu currently appears to be in a consolidation phase, with a notable resistance level at $0.0000083, hinting at a potential breakout. With an ever-rising interest in the dog-themed cryptocurrency, the curious financial world seems to be incessantly pondering: What does the future hold for the Shiba Inu token (SHIB)? Speculating the potential valuation of this volatile digital asset come November 5, 2023, the question takes a plunge into the murky waters of crypto fortune telling. To seek insights, I turned to OpenAI’s highly regarded language model, GPT-4, known for its ability to generate human-like text based on an extensive database of online information. A tricky forecast for SHIB It’s no secret that predicting the exact value of a digital asset like Shiba Inu is a complex task. The world of cryptocurrency is notorious for its unpredictability, often leaving even seasoned analysts scratching…

    Article 2023年6月10日
TOP