How a Decentralized Internet Can Power Latin America’s Economy
Bitcoin, fintech and DeFi can help Latin America become an interconnected and inclusive regional economy.
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Just over six months after the launch of its Creadores program, Latin America’s biggest social network Taringa! has distributed 195 BTC — or $76,000 USD — to its top content creating users in what may be one of the best use-cases for the cryptocurrency to date. The top contributor has received over $2,000 USD in bitcoin just six month after the launch of....
Crypto education could be key to promoting financial empowerment and increasing mass adoption across Latin America — if we do it right. In October 2021, it was estimated that approximately 15% of the world’s supply of Bitcoin (BTC) was in circulation in Latin America. According to a recent report released by Crypto Literacy, however, 99% of Brazilian and Mexican respondents failed a basic assessment on crypto literacy. Crypto adoption is well underway across the region — on the rise even — but, people still lack a basic understanding of its underlying technology and use cases. When this....
Did we overestimate Latin America’s interest in Bitcoin and other cryptocurrencies? Even though the continent seems to need the technology the most, mainstream adoption feels so far away. The El Salvador experiment might change that, but it’s not a guarantee. And, so far, there are no major indicators that any other country is going to […]
Brazil is already leading the globe in cryptocurrency adoption. Integrating crypto with payment providers in the region is a surefire way to see Latin America fully embrace the industry. Thriving on exploiting users’ data, Web2 monopolies like Facebook and Google have ushered in an era of massive internet centralization in recent years. This concentration of power has enabled huge shares of communication and commerce closed platforms, giving users little control over how their data is collected.An emerging concept, Web3, will provide a means to pivot from centralization to an open-source....
Decentralizing the financial sector and putting trust in distributed ledgers means less reliance on the continent's corrupt intermediaries.