Paraguay's ueno bank with OTP stake quietly tests Bitcoin purchases in app
- —OTP Bank raised its stake in U Holdings to 9.99%, investing about $47 million in total
- —BTC purchases are available directly from a ueno app account in guaranies or dollars
- —The first test phase covered 646 clients, with a possible rollout to 3 million users
- —Paraguay's central bank does not recognize Bitcoin as legal tender
Why it matters: A major bank with European capital is embedding BTC purchases into its banking app, signaling closer ties between traditional banks and crypto in Latin America.
Source: BitcoinBázis