Stark Bank Emerges as a Major Crypto Player in Brazil with Bezos Support
Stark Bank, backed by Jeff Bezos, has emerged as a key enabler for cryptocurrency businesses in Brazil, catering to startups that traditional financial institutions have overlooked.
With 52 crypto-related clients, including big names like Binance and Mercado Bitcoin, Stark Bank processed over $48 billion in payments in 2024. The firm capitalizes on Brazil’s growing crypto sector, positioning itself as a significant player, though it faces potential competition as traditional institutions and disruptors eye the market.
Despite private investment growth, the public sector remains cautious, with concerns about crypto’s role in tax evasion and money laundering.
Clever Robot News Desk 16th March 2025
