Growth of cryptocurrencies in Latin America.

in #cryptocurrency7 years ago

Latin America has presented a high growth with an approximate of 6% in the whole month, the highest registered growth of the use of this cryptoactive which is calculated an exponential advance for the following year.

Darwin Guaman, specialist in the use of cryptocurrencies for more than five years in Spain, has highlighted that in Latin America there is greater acceptance of new financial trends than in the European continent.

On the other hand, the Caribbean nation is one of the most peculiar examples: cryptocurrencies are free to circulate, but, in the words of the Minister of Industries of Venezuela, anyone who wants to distort the national cryptocurrency market will be severely punished.

Cryptocurrencies have entered markets worldwide, and whether countries have facilitated their regularization or have placed obstacles to their development, they have put the future of money into question. Cryptocurrencies such as Bitcoin, Ethereum or Ripple have circulated in important volumes, and countries seek to assimilate these virtual currencies.

Latin America does not escape from this reality. Although its entry process was slower than that of Europe or that of the United States due to some technological barriers, the region has potential for the development of cryptocurrencies and several countries of the continent have worked intensively to understand these new systems, either for take them or regulate them.

Venezuela created its own crypto currency, El Petro, in order to circumvent the sanctions imposed by the United States and other economic powers, however, almost three months after the initial currency offer of the Petro, there is no evidence that anyone has a Petro or that the billions of dollars in "purchase intention" announced by the president, Nicolás Maduro, have been true.

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