Bitcoin in Latin America: Present and Future

What is happening with Bitcoin in Latin America? The countries of Latin America are not precisely known for the stability of their economies, and that is why Bitcoin is gaining a lot of prominence. Is Latin America the next frontier for Bitcoin?



Opinion

What is happening with Bitcoin in Latin America? The countries of Latin America are not precisely known for the stability of their economies. Inflation, corruption, bureaucracy, and inefficiency are part of the everyday life for citizens who truly want to progress, but obstacles abound. Traditionally, governments have directed their fiscal and monetary policies with great irresponsibility, creating crisis after crisis. The banking system is extremely exclusive, and the level of inequality in the region is among the highest in the world. The informal sector is huge, and many live off the remittances that their family members in the first world send them, but they are forced to pay large commissions. Is Latin America the next frontier for Bitcoin? Bitcoin in Latin America: Present and Future.