Bitcoin News Is Not For Sale

Please don’t skip this message — it only takes a few minutes to read. Sorry to bother you, but time is running out.

Bitcoin is freedom. If you think independent media that is bitcoin-only is important, if you believe information and education about bitcoin matters for adoption, and if you have gained something from our work, we would be grateful if you could chip in $21. 

Join the 2% of our readers who occasionally make a donation. If everyone reading this donated just $21, we would reach our target in a couple of hours. $21 won’t break you, we hope.

To cover the cost for our servers, editors, writers, and thumbnail artists we rely on our readers’ generous support. 

How You can chip in:

  • Send sats as a tip to a writer. Each and every one of our writers has an active tipping widget.
  • Join our campaign on Awesome perks are waiting for you such as the Bukele Blend Coffee.

Your support ensures that Bitcoin News stays independent with a laser focus on Bitcoin and only Bitcoin.

Funding Progress

Brazil to Receive 1,000 Multi-Crypto Point of Sales Terminals

written by

Brazil to Receive 1,000 Multi-Crypto Point of Sales Terminals

Support free journalists: > send a tip

Brazil is set to receive 1,000 point of sale (POS) terminals that can accept multiple cryptocurrencies as payment.

Indonesian POS terminal suppliers Pundi X Labs have finalized a deal with Brazilian company BitCapital that will see 1,000 X POS devices distributed to hundreds of retail outlets, according to a joint press release. BitCapital states one of its main goals as creating an infrastructure network that can make cryptocurrency to fiat transactions as straightforward as is achievable.

Pundi X recently established headquarters in Sao Paulo, Brazil, with this being the company’s second distribution deal; 1,000 X POS units are also planned to be distributed in Colombia over a period of six months. Recent trends of Bitcoin adoption in South America indicate there is a growing market for the cryptocurrencies, with a growing number of retailers accepting cryptocurrency payments surely welcome to those living across the continent.

Zac Cheah, CEO and co-founder of Pundi X described the region as quickly gaining a reputation as being central for cryptocurrency adoption, calling Brazil, in particular, an ”ideal point of entry”, saying the demand from merchants has validated the company’s decision to expand into South America.

Ricardo Guimaraes Filho, founder of BitCapital believes there is still a lot of room for cryptocurrency to develop in Brazil. “Brazil and Sao Paulo lead on every metric when it comes to traditional finance and tech in South America. Yet, crypto lags unaccountably behind,” he said, blaming an anti-crypto attitude from banks as the real problem hindering adoption.

A positive move for South America

Getting 1,000 POS terminals active in retail outlets across Brazil and Colombia respectively is certainly a step in assisting adoption across the continent as residents are given more ways to spend their cryptocurrency funds on a day-to-day basis.

Bitcoin News recently spoke to Bitcoin Venezuela founder Randy Brito who described one of the main struggles of Bitcoin adoption in Venezuela as the lack of proper tools stopping citizens even having cryptocurrency wallets. One of the projects his non-profit is working on includes creating cheap devices that can be kept in every house and shop, working on their own network rather than relying on Wifi, that can be used for instant Bitcoin sales or exchanges.

While POS terminals are a good option for the more affluent regions of South America, it is perhaps not the most accessible way for the regions that suffer from a harsher economic climate as many people cannot afford to have and keep smart devices with them. A combined approach may be the best way to assist wide-scale adoption on the developing continent.


Follow on Twitter: @bitcoinnewscom

Telegram Alerts from

Want to advertise or get published on – View our Media Kit PDF here.

Image Courtesy: Pixabay

Enjoyed the article?

100% of your tips go directly to [email protected]
Need a wallet? Get it here

⚡️ Tip The Author

Help spread this article :) is NOT INVESTMENT ADVICE

Opinions expressed are entirely their own and do not necessarily reflect those of

For informational purposes only. Individuals and entities should not construe any information on this site as investment, financial, legal, tax, accounting or other advice. Information provided does not constitute a recommendation or endorsement by to buy or sell bitcoin, cryptocurrencies or other financial instruments. Forecasts are inherently limited and cannot be relied upon. Do your own research and consult a professional advisor. The opinion of authors do not reflect those of 


Read More Bitcoin News


Join our Newsletter


Latest on Bitcoin News

Video of the Week

Join our Newsletter