Crypto News From the Spanish-Speaking World: Aug. 24-31 in Review

The Spanish-speaking world noticed a quantity main developments this week, with a number of corporations accepting cryptocurrencies as a type of fee and the Venezuelan authorities making new claims in regards to the use and acceptance of the controversial Petro coin.

Right here’s the previous week of crypto and blockchain information in assessment, as initially reported by Cointelegraph en Español.

Spain: Eurocoinpay introduces cryptocurrency funds

On Aug. 24, Cointelegraph en Español reported that in Spain, Eurocoinpay launched the opportunity of making funds and collections with cryptocurrencies, by an software to make transactions in numerous outlets. The agency’s CEO, Herminio Fernández, reportedly stated:

“Eurocoinpay is a cryptocurrency fee and assortment platform whose app, out there for Android and Apple, permits you to pay and accumulate with the cryptocurrency you select each day in eating places, supermarkets or different outlets. It additionally permits prospects to make and obtain micropayments, in addition to ship funds to any a part of the world with cryptocurrencies, robotically and in actual time.”

Venezuelan authorities: greater than 7 million individuals are saving in Petro

Venezuela’s Superintendent of Cryptoactives, Joselit Ramirez, introduced on Monday, Aug. 26, that the “Petro Financial savings Plan” is being utilized by 7 million Venezuelans inside the nationwide economic system, and that about 12 million operations have been carried out with the Petro cryptocurrency inside the system. 

“It’s assured that the cash won’t depreciate,” Ramírez stated when he completed his presentation on the weekly radio program of the state radio RCN known as “Venezuela in Crypto.”

The remittance platform known as “Patria Remesas,” will permit residents working overseas to ship cash to Venezuela.

Given the Venezuelan authorities’s historical past of not delivering on guarantees associated to the Petro, Cointelegraph advises readers to strategy Ramírez’s announcement with skepticism.

PayPal modifications insurance policies in Mexico to keep away from fintech regulation

On Aug. 30, Cointelegraph en Español reported that in Mexico, the multinational fee processing firm PayPal is about to alter its insurance policies, simply when the deadline for authorizations of the Fintech Legislation expires.

These coverage modifications imply that PayPal gained’t permit its purchasers to retailer any balances of their PayPal accounts, which the corporate hopes will exempt PayPal from qualifying as a fee processing firm and being regulated by the Fintech Legislation.

Common Venezuelan pharmacy begins accepting crypto fee

Farmarato, a well-liked Venezuelan pharmacy, introduced on Aug. 30, that with the usage of Cryptobuyer Pay, it could be accepting cryptocurrencies comparable to Bitcoin (BTC), Sprint, Litecoin (LTC), and Binance Coin (BNB). The pharmacy has as properly enabled a pockets for every of those cash to be able to obtain donations for medicines to Venezuelans in want.

Javier Rojo, CM de Farmarato, added that the pharmacy was additionally “pondering of these people who find themselves exterior of Venezuela and have their households right here. Folks overseas will pay with cryptocurrencies in order that their households in Venezuela obtain the medicines.”

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