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The Costa Rican Banking System Will Migrate Completely to “Chip” and “Contactless Payment” Technologies
The Regulation of the Payment System approved by the board of directors of the Central Bank of Costa Rica (BCCR), 3 years ago, established that as of December 31st, 2018 100% of debit and credit cards in circulation had...
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Costa Rica Is among the Leaders in Global Innovation
Costa Rica is the 2nd most innovative economy in Latin America, according to the Global Innovation Index (GII) developed by the World Intellectual Property Organization (WIPO). The study highlights Costa Rica in the indicators of business sophistication, creative production...
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Nanotechnology Comes to Costa Rica!
Without realizing it, the human being has worked with nano-particles since immemorial times. Carbon particles produced by combustion, simple molecules and many viruses that cause diseases actually fall into this field of study.In the 1920s, tire manufacturers incorporated in...
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How the Costa Rican Financial System Can Be Improved
Distortions caused by regulatory asymmetries hinder the development of the Costa Rican financial system and, therefore, impede the achievement of efficiency levels that help the country's economic growth.To these conclusions comes the latest study prepared by the “Academia de...
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Everything Is Numbers!
British science fiction writer Arthur C. Clarke (1917-2008) liked to repeat that: "Any sufficiently advanced technology is totally indistinguishable from magic." The phrase rules in these moments of the history of humanity more than ever: How does our phone...
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What to Do If Your Card Is Not Accepted at Gas Stations
Law N° 9416 -To Improve the Fight against Tax Fraud- makes it clear that businesses are obliged to accept -without exception- credit and/or debit cards as a payment mechanism.ARTICLE 4 - Alternative means of payment: "All persons, physical or...
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5 Ways Cryptocurrency Can Help Make The World a Better Place
As we approach an era full of startups and huge corporations, we might be losing track of what’s most important at the end of the day – making the world a better place. How does this connect to cryptocurrency?...
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Crypto Transactions to Become Standard According to KPMG
One of the Big Four accounting firms, KPMG, has declared that Bitcoin will become the future for standard crypto transactions. They are of the opinion that the world is experiencing an entirely new financial revolution and Bitcoins are leading...
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Costa Rica Identifies 121 Products with the Export Potential to Australia
Sectors such as electrical and electronics, metalworking, food, chemical and agricultural are just some of those that stand out for their commercialization potential in the Australian market, according to the study "Mapping of Australia" recently presented by the Promoter...
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“Costa Rica Open Future”: An Opportunity to Incentivize Entrepreneurship
8 entrepreneurial projects were the winners of the 1st edition of “Costa Rica Open Future” that brought together more than 150 different projects. The winning teams were submitted to a rigorous jury with extensive experience in the field of...
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The Trains of Costa Rica: A Journey Through History, Scenery, and Adventure
Costa Rica is famous for its lush rainforests, stunning beaches, and incredible biodiversity. But beyond its natural wonders, the...