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Argentina's president retracts memecoin endorsement after insider cash-out triggers 95% crash

TechSpot

The saga began when Milei, known for his crypto-friendly stance, took to social media to promote $LIBRA, touting it as a project dedicated to encouraging the growth of the Argentine economy by funding small local businesses. His post on X acted as a catalyst, propelling the token's market capitalization to. Read Entire Article

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5 investors explain why Latin America is poised to weather the crypto winter

TechCrunch

Indeed, Argentina is a good example of a country where alternatives to fiat currency are looking more attractive, as buying U.S. But after Argentina’s economy minister abruptly resigned earlier this month, the informal “blue dollar” exchange rate reached a record 273 Argentine pesos for 1 dollar.

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Mexican unicorn Kavak raises a $485M Series D at a $4B valuation

TechCrunch

Kavak , the Mexican startup that’s disrupted the used car market in Mexico and Argentina, today announced its Series D of $485 million, which now values the company at $4 billion. This round more than triples their previous valuation of $1.15 billion, which established them as a unicorn just a couple of months ago in October of 2020.

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Tiger Global and a slew of high-profile investors make a $35M bet on LatAm fintech Pomelo

TechCrunch

The remote-first fintech started in Argentina and has since launched operations and offices in Brazil and Mexico with plans to also expand to Chile and Colombia. In Argentina, it was granted a Mastercard and payments license. Why global investors are flocking to back Latin American startups.

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Treggo, armed with new funds, takes on crowded Latin American last-mile delivery sector

TechCrunch

Treggo , an Argentina-based company, is among companies like 99 Minutos , Cubbo and Cargamos tackling the last-mile deliveries. In Treggo’s case, developing technology to make urban shipments in Argentina, Mexico and Chile easier and for merchants of any size can provide an Amazon-like service for their customers.

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For tech to develop in emerging economies, the first obstacle is trust

The Next Web

The legacy then of the offline local markets stalls the development of industries that are primarily online and focused on regional or global markets. To get there, however, local tech entrepreneurs need to share skills, ideas, know-how, and market knowledge. Marshall McLuhan wrote that “we shape our tools and then they shape us.”

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Pomelo raises $9M to build a payments infrastructure for LatAm fintechs

TechCrunch

Cards have an estimated payments volume of $900 billion per year, and yet 95% of these transactions are being processed by local incumbents, asserts Pomelo. He is also a third-time founder with two exits (one to TripAdvisor) and former CEO of Naranja X, Argentina’s largest neobank, with millions of customers.

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