Latam Insights: Meliuz purchases 274 BTC in Brazil; Argentine wallets face potential extinction

Meliuz has acquired 274.52 BTC for 28.4 million USD, making it the first public company in Brazil to adopt a Bitcoin treasury strategy. This strategic move reflects growing corporate interest in Bitcoin as a reserve asset.

Argentina is confronting significant challenges to its crypto wallet ecosystem due to a 1.2% tax on cryptocurrency transactions. This tax could push local providers toward extinction amid pressure from larger financial institutions.

On May 15, Ripple announced its collaboration with Mercy Corps Ventures to launch a pilot program aimed at improving the income of smallholder farmers in Colombia through blockchain technology, focusing on financial inclusion.

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