Brazilian Ride-Hailing Giant 99 to Enable Bitcoin Trading

Brazilian Ride-Hailing Giant 99 to Enable Bitcoin Trading
99Pay, the digital wallet of Brazilian ride-hailing company 99, will enable the purchase and sale of bitcoin on its platform, the company announced on Tuesday.Users of 99Pay will be able to execute commission-free transactions with a minimum purchase amount of 10 Brazilian reais and a maximum of 10,000 reais — equivalent to 1,800 U.S. dollars — starting Nov. 3. 99Pay, part of the Chinese vehicle-for-hire company DiDi, said that the platform will deliver bitcoin cashback promotions as well. The initiative comes amid rapidly increasing interest in cryptocurrency among Brazilians and demand for crypto services. According to data published by the…