Several non-crypto financial companies have announced or started operating crypto ventures in Brazil recently. In July, the Brazilian fintech PicPay announced its plans to launch a crypto exchange and a Brazilian real-tied stablecoin in 2022, while in December, Mercado Libre, Latin America’s largest e-commerce company by market value, started allowing users in Brazil to buy, sell and hold cryptocurrencies.
Source: https://www.coindesk.com/business/2022/07/28/santander-brazil-to-launch-crypto-trading-feature-in-coming-months-ceo-says/?utm_medium=referral&utm_source=rss&utm_campaign=headlines