How Covid-19 helped decrease the unbanked population in Brazil

The Brazilian government announced a financial support scheme aimed at self-employed and informal workers that had their incomes affected by the coronavirus (Covid-19) crisis. Brazil has a large population of informal workers: those who work cash-in-hand jobs, with no formal work contract. They are mostly unskilled or semi-skilled workers eg. street vendors, service providers like cleaning and home repairs. The financial support will come from state owned bank Caixa Economica Federal. Individuals under the scheme criteria have to open an account with Caixa to receive its benefits. The process is…

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Bitcoin trading in emerging markets: going “crypto native”

handshake between 2 people in Lagos Nigeria

In one of my previous posts, I mentioned that emerging markets are more “bitcoin or crypto native“. And according to LocalBitcoins, 2018 was a great year for bitcoin trading especially in emerging economies – 4 out of the top 10 countries by bitcoin trading volume, were emerging markets. Here is a quick round-up of why Bitcoin (and other cryptocurrencies) are going big: 4th Place Venezuela: Bitcoin and Dash go head-to-head Venezuela is not an emerging market but I wanted to highlight why this South American country embraced cryptocurrencies so well.…

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Latin America: 3 platforms changing the crowdfunding game

Everybody knows what “fazer uma vaquinha” or “hacer una vaca” in Latin America is – literally translated as “to do/make a cow” (don’t ask me why!) – it’s nothing more than what we know here as collecting money from different people to buy or do something. The primary form of crowdfunding. Here are 3 Latin American platforms running in the upfront of the crowdfunding game. Kickante – Brazil When in time of crisis, some businesses, like crowdfunding, grow and thrive. As you all must have hard, things are not looking…

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