Crypto Adoption Continues: Huge Payment Provider In Brazil Accepts BTC

The crypto space’s goal of achieving mainstream adoption continues.

There have been a lot of useful things happening in the crypto space, which are definitely supporting this important goal.

Bitcoin gets a boost from Brazil

Now, Brazil is in the spotlight following the latest moves that have been made in the country.

Bitcoin gets a massive boost from Brazil as the largest country in South America unveiled support for BTC along with other digital assets via the largest payment processor in a push for mass adoption.

The Daily Hodl cites data coming from CoinTelegraph Brazil and notes that Cielo which has a network of 1.4 million PoS devices all over Brazil will be supporting crypto payments.

Send crypto via a QR code

This is a collab with the free digital rechargeable credit card Uzzo and crypto exchange Criptohub. Cielo will allow users to send digital assets to devices via a QR code.

The online publication mentioned above notes that CieloPay will launch on October 14.

This is the company’s mobile app, and it will allow retailers to sell items without needing PoS devices, according to Exame.

The application will be generating QR codes on users; mobile phones.

It’s been also reported that Cielo president Paulo Caffarelli says Banco do Brasil and Bradesco Bradesco are both backing the new crypto service.

Crypto adoption continues

Crypto adoption is going better than never. Europe residents are now able to use their phones in order to open a German bank account which has an integrated Bitcoin wallet.

This is thanks to a new app that’s been created by the German blockchain company Bitwala.

Bitwala announced the launch during the past week, saying “customers in all 31 countries of the European Economic Area can access the benefits of a German bank account” with the ability to buy and sell BTC.

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