South American Countries Are Interested In Adopting Bitcoin: Who Will Be Next?
Since Bitcoin was adopted as legal currency in El Salvador, the crypto world is watching and waiting for who will be next. There could be a few South American countries to vote for legalizing crypto and paving the way for crypto infrastructure sooner rather than later. Leaders from countries including Panama, Paraguay, Mexico, Argentina, Nicaragua, […]
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In recent weeks, we have seen an increased level of interest in Bitcoin in South American countries, such as Argentina. Is this the beginning of a Bitcoin boom in South America, or should we be more realistic? South American Governments Wary of Bitcoin. South American countries are notorious for their history financial instability. Not only are most countries plagued with hyper-inflationary local currencies such as the Argentine Peso, but citizens are also having a hard time obtaining any other currency from the government. By locking down people in a very tightly controlled ecosystem,....
South American countries are struggling to make ends meet, as nearly every country in the region is facing hyperinflationary currencies and incredibly tight capital controls. Moving funds in and out of these countries is all but impossible for most citizens, forcing them to look for alternatives. Bitcoin is gaining ground in these countries, even though....
Argentina’s businesses are adopting crypto cards as an alternative payment choice. After analyzing an increased circulation of cryptocurrency in South American countries, many wallets establish agreements with famous entities like Mastercard and offer attractive benefits to customers. Since last year, only three companies have promoted the crypto cards facilities; Belo became the third company by […]
Founders of a South American Blockchain platform InkaPay tell Cointelegraph about how it was launched and how it penetrates to the the areas where many unbanked people live. BitInka was founded in Nov. 2013, in Lima, Peru, by a group of entrepreneurs and it took a whole year to develop the platform. BitInka’s first goal was to deal with Blockchain technology as a local exchange. After the project was started, its founders had to put it on hold for almost half a year due to lack of initial funds. Restrictions. After half a year of sitting with the initial project and traveling around South....
Much of South America has been battling financial crises in recent years. Between unemployment and inflation, further fueled by the COVID-19 pandemic, users from most South American countries realized that cryptocurrencies are a viable alternative to their national currencies. Not only does crypto offer the unbanked and the ‘not so elite’ population access to financial […]