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Can this Brazilian neo-bank’s crypto-solution help its adoption
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ambcrypto.comRecently, Brazilian congressman Luizão Goulart proposed allowing crypto-payments for employees in the country. At the time, he had argued it can be used to harness the benefits of the technology and bring in the advantages of decentralization.
In fact, the central bank’s figures revealed that Brazilians bought crypto worth $ 4.27 billion between January and August this year. However, according to some industry players, there are some existing gaps in the financial sector, despite proactive efforts.
In a recent interview, Taynaah Reis, Chief Executive of Brazil-based neo-bank Moeda Seeds, commented,
“The market regulator has created a sandbox, and there has been a lot of work done in a progressive way by the government.”
However, despite that,
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