Brazil’s Shutdown of WhatsApp Pay May Spark Big Demand For Bitcoin as Currency

Bitcoin may see a major boost in demand following Brazil’s Central Bank blocking payments from the WhatsApp messenger app in the country. Brazil is the app’s second-largest market, leaving a massive hole that could soon be filled by cryptocurrencies. Central Bank Of Brazil Suspends Facebook’s WhatsApp Payment Feature In a move to “preserve an adequate competitive environment,” the Central Bank of Brazil has suspended the payment feature on WhatsApp in the country. WhatsApp is a popular chat application offered by Facebook, Inc. with built-in payment functionality. This functionality is now…

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