Bitcoin Limits External Influence On South America

Bitcoin Limits External Influence On South America

World powers are fighting to influence policy in South America, but bitcoin prevents outside powers from exerting subversive pressure in the region.This is an opinion editorial by Vinicius Piscini, a bitcoin pleb.Despite the great growth potential of countries in Latin America, such as Brazil, Argentina, Chile and even Paraguay, external influences contribute to the stagnation and purposeful economic decline of these countries. We can affirm that the international protagonism that such potential would provide in normal times of fair competition is dwarfed by the manipulations of great....


Related News

Venezuela, South America See Record Bitcoin Trading Volume…Again

Trading volume on peer-to-peer exchanges broke another all-time high in most of South America, Russia, and even in the U.S. South America Following Venezuela. According to recent stats, Bitcoin continues to gain popularity presenting itself as a way out from accentuated inflation, demonetization policies and general economic and political uncertainty in troubled countries. Besides Russia (as usual), LocalBitcoins has registered another record week across South America. Countries including Chile, Venezuela, Colombia, and Brazil are all seeing record high trading volumes in their respective....

South African Exchange Sets New Crypto Withdrawal Limits — Restrictions ‘a De...

One of South Africa’s biggest cryptocurrency exchanges, Luno, has confirmed that it has started restricting withdrawals by clients. The exchange insists the limits are meant to “act as a deterrent for illicit actors moving large amounts of funds within the crypto ecosystem.” The Restrictions on Transfers However, despite this acknowledgement, Luno has so far refused to explain how the exchange sets the so-called “dynamic risk-based limits.” According to a report, the limits — which are separate from the send limits that appear on Luno’s....

Blockchain Trials Accelerate as South America Sees Ethereum Uptake

Argentinian wine and Brazilian timber are just the latest products being transformed by entrepreneurs building distributed applications on the ethereum blockchain in South America. One of Brazil's largest banks recently built a smart contract designed to automate parts of the process by which a company goes public; a group in Chile is working to help scale the blockchain using the Inter-Planetary File System (IPFS); and a team in Nicaragua is building a secure identity system using Ricardian contracts. Other than ethereum, what all these projects have in common is a company in Brooklyn,....

Bitcoin in South America: Progress in the Face of Criticism

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,....

Bitcoin Crowdfunding Comes to South America

Idea.me, a regional crowdfunding platform in South America, has embraced bitcoin payments. Although the platform uses a Montenegrin domain, it's an Argentinean outfit currently available in seven South American countries. In fact, Idea.me is the only regional crowdfunding platform in South America, according to TechCrunch. So far, the company has managed to raise $750,000 and it hopes to raise a further $2.4m in Series A funding next March. To date, the platform has funded over 450 projects using an estimated $2m. Idea.me recently added bitcoin as an alternative to more traditional payment....