BRAZIL LOOKS TO DIGITAL CURRENCY TO BROADEN FINANCIAL INCLUSION
Photo Credit: Adriano Machado/Reuters
When Isabela Duque, a receptionist in the Brazilian city of Santos, decided to use all her savings to buy her first car, the process was fraught with suspicion. The seller asked for the full amount to be deposited in his bank account before transferring the car to her name, and Duque obliged. They went separately to the notary office to process the paperwork while Duque worried about the possibility the man would vanish with the car as well as her money.