SpaIn’s largest bank, Banco Santander, recently published a report, “Brazil : Banks Financial Services: To Bitcoin Or Not To Bitcoin?.” The Equity Research paper discusses a assembly on Aug 23 between internal investors and a CEO of Mercado Bitcoin, Rodrigo Batista.
“We trust that a doubt in this report’s pretension will eventually be answered with a resounding ‘Yes, to bitcoin.’ This suggests that one day we contingency be prepared to face a intensity hurdles and opportunities we news in this news for a banks and financial services companies we cover.”
Brazil is a world’s seventh-largest economy with a race of 207.8 million and GDP of US$1.775 trillion in 2015. An eccentric report by PricewaterhouseCoopers (PwC), published in August, shows a abounding remuneration cards marketplace in Brazil. Approximately 40% of adults hold a bank-issued withdraw label in 2014, with a transaction volume of US$109 billion. 35% of a adult race hold a Credit Card, generating US$272 billion in transactions.
However, allotment times are abnormally delayed in a Brazilian market. “The normal allotment duration for credit label exchange in Brazil is D + 28,”