Why Bitcoin Works For Latin America
The trustless nature of Bitcoin allows tremendous societal growth and development in places with low trust in the government and institutions.With El Salvador’s recent transition of making bitcoin legal tender, people are beginning to take the cryptocurrency more seriously. One important consideration about President Nayib Bukele’s incorporation of Bitcoin into the country is the ability to solve numerous issues unique to Latin American economies and markets, namely, the issue of trust. While Bitcoin’s usefulness as a technology and investment vehicle is clear to market participants in the....
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Is Latin America in the eye of the storm that’ll reshape the world? The region certainly benefits from the existence of Bitcoin and other cryptocurrencies. Latin America needs hedges against inflation and a quick and easy way to send remittances. The cheaper the fees, the better. And when you truly need something, you’re bound to […]
Do Latin America ‘s unique characteristics put the continent in position to adopt cryptocurrencies before the rest of the world? Or is El Salvador an isolated case? In Latin America, Tipping Point we’ll select the area’s most important headlines and summarize them in a few sentences and quotes. This is the jam-packed news compilation you […]
QR Capital has announced that its bitcoin ETF will list on the Brazilian stock exchange, making it the first such product in Latin America.
Panamanian crypto-teller machine TigoCTM has added Dash to its roster of cryptocurrencies for sale and purchase over its network in Latin America. With a new partnership, Dash will see its partner TigoCTM, a crypto teller machine company, add the cryptocurrency to its network of ATMs that already provides bitcoin and other digital currencies to adopters and new users in Panama and Latin America. TigoCTM CEO Cindy Zimmerman sees reason for cryptocurrencies to flourish in Latin America among unbanked or underbanked users in Latin America, particularly in countries like Venezuela where....
The Chinese crypto exchange Huobi announced that it had purchased a Latin American cryptocurrency exchange, Bitex. The exchange did this to reach out to Latin American countries like Chile, Argentina, Uruguay, and Paraguay. Huobi explains that the firm is expanding its influence in Latin America as it sees the region as one of the most […]