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Techub News reports that Linka, a Peruvian fintech company invested in by Tether, has announced that it has processed the country's first import transaction completed through stablecoins with full trade documentation records. The transaction used USDT and USDC as the infrastructure for cross-border value transfer. Linka completed the conversion between fiat and stablecoins and international settlement after verifying the customer's identity and commercial invoices. Traditional customs declaration, trade documents, and tax obligations remained unchanged. (Wu Blockchain)
Techub News reports, according to Bloomberg, that UK fintech company Revolut has applied for a full banking license in Peru to expand its business in Latin America and compete with major local fintech firms. This license will enable Revolut to launch more localized products and services in Peru; Peru will become the fifth country in its Latin American expansion plan, following the company's previous advancements in Mexico, Colombia, Argentina, and Brazil.
Techub News, according to Cointelegraph, Banco de Crédito del Perú (BCP) has launched a cryptocurrency pilot platform named "Cryptococos" authorized by the national regulatory authority, becoming the first bank in the country to offer compliant cryptocurrency services. It allows specific clients to purchase and hold Bitcoin and USDC under BitGo's custody. According to the announcement, users participating in the pilot need to complete registration, provide proof of minimum banking transaction history with BCP, and complete an investment risk assessment before purchasing.
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