Two of Latin America’s biggest fintechs hit pause on crypto today. Nubank suspended crypto deposits and withdrawals, and Mercado Pago blocked part of its transfers to external wallets. Both blamed an outside provider. Both said user assets are...
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Ueno Bank Collapse: 3 Million Paraguayans Locked Out, and Why Bitcoin Can’t Do That to You
My feed has been one story all day. Paraguay’s biggest digital bank is gone, and roughly three million people cannot touch their money. That is about 60% of every adult in the country. Frozen in a single night. I have been to Paraguay exactly once,...
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