• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
Bitcoinist.com
No Result
View All Result
Bitcoin Beach, Latin America, Tipping Poing
Nexo

Latin America, Tipping Point: Bitcoin Beach Brazil, Colombia ATMs, Mining Arg

Eduardo Próspero by Eduardo Próspero
7 months ago
in Bitcoin, Bitcoin Acceptance
0

Did we overestimate Latin America’s interest in Bitcoin and other cryptocurrencies? Even though the continent seems to need the technology the most, mainstream adoption feels so far away. The El Salvador experiment might change that, but it’s not a guarantee. And, so far, there are no major indicators that any other country is going to follow suit. Is it too early for this to happen? Are we being too eager? 

Related Reading | El Salvador Set For Bitcoin Rollout With 200 ATM Installations Across The Country

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

In any case, outside of the political realm, grassroots adoption advances slowly and steadily. Today, we’re going to check on Colombia, Argentina, Cuba, and the new Bitcoin Beach. 

Colombia: Binance Frozen Accounts, ATMs, And A Game

  • More than 50 Colombian Binance accounts are frozen. Some people think that the Dutch Tax and Customs Administration (Belastingdienst) is responsible. Others think it’s the American DEA doing the investigations. Criptonoticias tried to contact both agencies and couldn’t get confirmation either way.
    A Colombian lawyer thinks that Binance is not authorized to do that without a court order and that neither agency has jurisdiction on the matter. However, Binance did block the accounts. So far, without explanation. Wow.
  • If we take El Salvador out, nowadays Colombia has the most ATMs on the continent. From the 50 available, “Bogota has 29, six are located in Medellin, three each in Bucaramanga and Pereira, and the rest are scattered around the country,” Decrypt informs.
  • A videogame called “B Coins” won the Crea Digital contest from the Colombian Ministry of Information and Communication Technologies. The game aims to teach children how to invest in stocks and cryptocurrencies by simulating a stock Exchange. The government wants to boost financial and economic education for the youth. The app will be available in the Play Store in December. There will also be a Windows version.

BTCUSD price chart for 10/26/2021 - TradingView

BTC price chart for 10/26/2021 on BinanceUS | Source: BTC/USD on TradingView.com

Argentina: Mining, Futures, And ETFs

  • Canadian Bitcoin mining company Bitfarms signed a deal with the Argentinian government. They’ll build a facility that’ll host “55,000 ASICS that would consume about 210 MW of electricity,” Decrypt informs. A deputy from the opposition party introduced a bill that asks for transparency and information about the project. In any case, the deal is already signed.
  • The biggest futures market in Argentina, the Matba Rofex, presented a project to the National Securities Commission. They want to create futures and options contracts on the Bitcoin Index. When that’s approved and running they might go for an ETF, La Capital informs.

Cuba: Businesses Already Accepting Bitcoin Payments

  • In the first edition of “Latin America, Tipping Point,” we informed you that Cuba was looking to regulate the use of cryptocurrencies in commercial transactions. Now, Morocotacoin provides a list of 17 businesses in La Habana that are already accepting them. Most of them are hotels and restaurants, and there’s even an ATM. Here’s a video of someone paying at a restaurant using Bitcoin’s Lightning Network.

Pagando con #LightningNetwork ⚡ en #Cuba 🇨🇺 pic.twitter.com/IFBSchuwyA

— Erich J. García Cruz ₿⚡ (@ErichGarciaCruz) October 18, 2021

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

Brazil: A New Bitcoin Beach Arises

  • In the beach village of Jericoacoara, they’re “building a Bitcoin economy using Lightning Network.” Brazilian musician Motolese put a small seed capital to jump-start a new Bitcoin Beach, inspired but not affiliated with the original. Motolese is “training a team with people who live in the village, and they receive small amounts of Sats from his initial donation as an incentive to help other users install the wallet and to make their very first transaction.”

Running an experiment like the @BitcoinBeach but in Jericoacoara CE/Brazil. Using BlueWallet, with our own #Bitcoin and #Lightning Full Node, we're ready to become the second Bitcoin Beach in the world by helping the community to create a new Local Bitcoin Economy #bitcoinbeachbr

— Motolese 👽🖖 (@MotoleseOficial) October 3, 2021

This project seems like the beginning of something great and we at Bitcoinist will keep our eye on it so you don’t have to. 

Related Reading | Latin America, Tipping Point: Axie Infinity Scholarships + Venezuela’s Petro

Let’s finish this with a Motolese video. The man clearly deserves it.

Featured Image: Bitcoin Beach Brazil from their Twitter | Charts by TradingView
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Eduardo Próspero

Eduardo Próspero

Eduardo Prospero is an author, a content writer, and a professional rapper. A Bitcoin maximalist in disguise. Working on a Bitcoin book. Beware of my Telegram impersonator!

Related Posts

Bitcoin

By The Numbers: Bitcoin’s Most Volatile Day Of 2022 Compared

5 hours ago
Bitcoin

Bitcoin Spot Volume Soars, 7-Day Average Tops $10B

9 hours ago
Bitcoin

Crypto Market Madness Leads To Surge In Bitcoin On-Chain Activity

11 hours ago
Sam Bankman-Fried: Bitcoin Isn’t A Viable Payment Network

Sam Bankman-Fried: Bitcoin Isn’t A Viable Payment Network

15 hours ago
US Justice

US Justice Department Executes First Criminal Crypto Charge

16 hours ago
Texas, a huge boot in front of a store

Bitcoin & Energy Merge In Texas: 3 Giant Companies Announce New Mining Facility

1 day ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2022 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN

© 2021 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.