In its March earnings call, U.S.-Latin American remittance provider, Intermex, revealed that it will not be using Ripple (XRP)’s technology in its major markets. Intermex chief executive Robert Lisv explained: “So, you won’t really see us leveraging Ripple in our core markets. I think it will bring us more growth in newer markets in places where we’re exploring going into ancillary products.” Intermex to use Ripple for "ancillary products" in "newer markets" Ripple announced its partnership with Intermex on Feb. 5, with its press release emphasizing that the deal would “enabl[e] faster cross-border payments between the U.S. and Mexico.” Despite …

Cryptocurrency exchange Binance has rolled out peer-to-peer (P2P) crypto trading with five new Latin American fiat currencies. Users of the Binance P2P trading platform can now buy and sell cryptocurrency directly with Brazilian real (BRL), Argentine peso (ARS), Colombian peso (COP), Mexican peso (MXN) and Peruvian sol (PEN). Supported cryptocurrencies include Bitcoin (BTC), Ether (ETH), Tether (USDT), Binance Coin (BNB) and Binance USD (BUSD). The platform has zero transaction fees and uses an escrow service to protect user funds. Latin American region active in crypto trading Binance CEO Changpeng Zhao — also known as CZ — said that Latin America …

25-year-old Mexican YouTuber Germán Abraham Loera Acosta has been sentenced to 50 years in prison for masterminding a woman’s kidnapping in February 2018 in Chihuahua, Mexico. WowWowWowWowWowWowWowWow. Acosta is one of six men convicted for the kidnapping. The group demanded $100,000 in Bitcoin (BTC) in exchange for the release of 33-year-old lawyer Tania Denisse. Jassiel Omar Molina Ceballos, Jesús Adrián Mendoza Pérez, Edgar René Subías Rubalcaba, Jesús Arnulfo Ochoa Martínez and Juan Alfonso Puerta Holguín were sentenced alongside Acosta. Digital footprint used to trace kidnappers Acosta rented a house that was used to hold the victim captive while they established …

Ripple, the firm behind the third largest cryptocurrency XRP, has made a new partnership to bolster cross-border payments between the United States and Mexico. The company has partnered with International Money Express, a money remittance services firm focused on the Latin and Caribbean corridor, Ripple announced on Feb. 5. Also known as Intermex, the new financial partner of Ripple is listed on the Nasdaq stock market with the stock quote IMXI. The new partnership could enable Intermex to implement Ripple's On-Demand Liquidity (ODL) product through RippleNet, the company’s global payment network connecting financial institutions. RippleNet’s ODL relies on the digital …

Cryptocurrency investment is among the top five investor threats for 2020, according to the North American Securities Administrators Association (NASAA). The NASAA, the oldest international investor protection organization, has officially announced the top five products or schemes likely to defraud investors in the coming year. In order to provide the report, the authority surveyed state and provincial securities regulators across the United States, Canada and Mexico. NASAA warns against crypto and Ponzi schemes Released on Dec. 23, the report includes the top five schemes that are likely to trap investors in 2020, based on investor complaints, ongoing investigations as well …

In this week’s news from the Spanish-speaking world, a Venezuelan official claims that all currencies will be replaced by cryptocurrencies, the Argentinian chief of the Banking Association criticizes fintech and crypto, and Spain offers prepaid visa card to teenagers that they can reload with crypto. Here is the past week of crypto and blockchain news in review, as originally reported by Cointelegraph en Español. "Currencies will be replaced by crypto," says Venezuelan official The Deputy of the National Constituent Assembly of Venezuela, Francisco Torrealba, said in an interview on national channel Globovisión that in the future all existing currencies will …

The Spanish-speaking world has seen another week of major cryptocurrency and blockchain developments with the Mexican government announcing a new alliance to support the development of blockchain initiatives. Here is the past week of crypto and blockchain news in review, as originally reported by Cointelegraph en Español. Mexican government announces an alliance to support local blockchain development On Oct. 14, the Federal Ministry of Economy of Mexico and the Internet Association MX announced a set of measures to improve the development of government-led projects in blockchain technology. As part of the initiative, the ministry announced the establishment of a new …

Ripple, the firm behind the third biggest cryptocurrency XRP, has led an investment round in Bitso, one of the biggest crypto exchanges in the Spanish-speaking world. The first Mexican crypto exchange An early partner of Bitso, Ripple has led the new investment round to support the first cryptocurrency exchange in Mexico, the company officially announced on Oct. 14. As reported by crypto publication The Block, the new investment round also involves major investors including United States-based crypto exchange and wallet provider Coinbase, Jump Capital as well as existing investors such as Digital Currency Group and Pantera Capital. The amount of …

The Spanish-speaking world is seeing additional cryptocurrency and blockchain developments with the inauguration of a new blockchain campus at a Madrid university, a number of new allegations of crypto scams in the Dominican Republic, Mexico issuing professional certificates on blockchain and Æternity blockchain teaming up with the Digital Party of Uruguay. Here is the past week of crypto and blockchain news in review, with original reporting from Cointelegraph en Español. Blockchain campus at Madrid university gets inaugurated On Oct. 1, Cointelegraph en Español reported that a new blockchain campus was inaugurated at the headquarters of the Higher Technical School of …

Major Slovakia-based antivirus software provider ESET has discovered a banking trojan that can steal cryptocurrencies and is especially widespread in Latin America. Primary targets Known as “Casbaneiro” or “Metamorfo,” the newly found malware family targets banks and cryptocurrency services located in Brazil and Mexico, ESET’s editorial arm WeLiveSecurity reports Oct. 3. According to the report, Casbaneiro uses a social engineering execution method, which displays fake pop-up windows misleading potential victims to enter sensitive information. The capabilities of the malware are typical of Latin American banking trojans that can take screenshots and send them to command and control server, simulate keyboard …

The United Kingdom, the United States, Hong Kong and Singapore have the largest number of registered digital currency exchanges, according to data from Bitfury’s blockchain analytics platform Crystal. Crystal published its “Report on International Bitcoin Flows 2013–2019” on Sept. 9, in which it provides insight into cryptocurrency operations and Bitcoin (BTC) transactions around the world between Jan. 1, 2013, and June 30, 2019. U.K. and U.S. lead the rating The findings show that the largest number of registered crypto exchanges are in the U.K., the U.S., Hong Kong and Singapore. Countries such as Argentina, India, Mexico, Russia and Indonesia report …

The Spanish-speaking world saw some major developments this week with Spain introducing a reinforced authentication system for payments, Mexico giving fines up to $47,000 for the unauthorized use of crypto and a South Korean blockchain delegation visiting Peru. Here is the past week of crypto and blockchain news in review, as originally reported by Cointelegraph en Español. Mexico fines up to $47,000 for unauthorized use of crypto The Central Bank of Mexico will now impose fines up to $47,000 to those who are using crypto assets without its authorization. The bank believes that the use of crypto assets such as …