Brazil’s soaring level of crypto adoption makes it an ideal base for Ramp’s expanding Latin America operations, enabling it to better serve customers in the region. Ramp is a financial technology company building solutions that connect the crypto economy with today’s global financial infrastructure.
Should Brazil create a central bank digital currency (CBDC)?
"Pease, provide public smart contracts and let Brazilians know what the central bank is doing,” a Brazilian web developer said. As the largest economy in Latin America, Brazil is a significant test cradle for the success of a central bank digital currency (CBDC).
Will the Central Bank freeze CBDC crypto wallets?
But Magalhaes said that the central bank's ability to freeze crypto and modify account values of CBDC crypto wallets is worrisome and will inspire little confidence in its moves. He pointed to alarming historical precedents in Brazil that showed that the federal government could make sweeping economic reforms impacting the entire population.
What percentage of cryptocurrencies are received in Latin America in 2022?
According to Chainalysis’ latest Global Adoption Index, Latin America accounted for 9.1% of all crypto value received globally in 2022, reaching $562 billion between July 2021 and June 2022 – a 40% growth in this period.
