What role does Latin America play with Bitcoin?

The most valuable digital asset worldwide is a cryptocurrency, known as Bitcoin , ithas a relatively broad range of usefulness, because it has a really efficient functional system, which is why the acceptance in relation to the currencies of this type is on the rise.

In Latin America there is a considerable number of nations that support the trend of digital currencies, among these nations are; Argentina, Brazil, Colombia, Mexico, Panama, among others.

Evolution of Bitcoin: How did you get where you are now?

The cryptocurrency was born officially in 2009, with the aim of increasing the options in relation to the known monetary payment, it was designed with an autonomous technology, which would not require the regulation or control of any entity.Therefore, to fix its value, the asset would be governed by the rule of gold in commerce; supply and demand.

The value of the asset was in constant rise from the beginning, however, during the year 2017 it exceeded the cost of 1,000 USD, due to the high profitability of investment, profit, and publicity that it obtained, reasons that caused that at the end of the same year, Bitcoin will reach 20,000 USD.

What role does Latin America play before Bitcoin?

In Latin America there is a large number of nations such as Haiti, Cuba, among others, which are not developing, therefore, do not have the necessary technological knowledge to exploit the usefulness of cryptocurrencies, however, nations like Argentina and Brazil do not apply in that category.

At historical level, Argentina has been the nation that has given Bitcoin more publicity in Latin America, due to the variety of uses it has. The publicity that they have made to the cryptocurrency in the nation has reached the point of the creation of information organizations, which are responsible for instructing individuals, with the aim of investing in Bitcoin.

Top of Latin American nations in favor of Bitcoin

Buenos Aires is one of the few cities that accepts payment with Bitcoins in Latin America, in the city there are some 145 organizations that work with cryptocurrencies, the largest number of businesses in favor of cryptocurrency worldwide.

Among the Latin American nations that work with the most valuable cryptocurrency in a public and legal manner are the following:

Buenos Aires , Argentina: considered the promoter city of Bitcoin in Latin America, it has the largest number of businesses.
Säo Paulo , Brazil: there are approximately 70 to 75 establishments that legally accept purchases and exchanges.
Mexico City , Mexico: the capital of Mexico has 31 organizations that work with Bitcoins.
Bogotá , Colombia: has 24 establishments, considered also one of the most developed Latin nations, in relation to the acceptance of cryptocurrencies.
On the other hand, in cities such as Santiago de Chile; Brasilia, capital of Brazil;Balboa, Panama City, there are exchange houses, and other organizations, where it is possible to acquire Bitcoins, or exchange them for local currencies.

Organizations that promote Bitcoin in Latin America

In Balboa, Panama, an organization called Embassy Blockchain was inaugurated, translated as Blockchain Embassy, ​​which is designed for activists, traders, investors, and / or fans of cryptocurrencies.

It is a space in which workshops and courses related to cryptocurrencies, trading, and other financial reasons are developed, as well as promoting meetings between investors to encourage the use of cryptocurrencies.

On the other hand, in Buenos Aires there is a space designed exclusively for the Bitcoin information movements, as well as for its Blockchain technology, this organization is known as the NGO Bitcoin Argentina and has been operating since 2013, since then it has advised financial organizations , developers, programmers, universities and entrepreneurs about the usefulness and reliability of Bitcoin, nationally and internationally.

How can you support the inclusion of Bitcoin in the other Latin American nations?

Bitcoin benefits trade between nations, due to the decentralized system, so that treaties between nations, whether from public or private organizations, can be carried out in a much simpler and safer way.

The inclusion of Bitcoin in a lawful manner would increase the production of the tourism sector, this is because the Bitcoin to be included in this sector, will cause greater efficiency in foreign visits.

The capacity of international organizations in the countries would be increased, because it will be possible for companies to manage a single currency, which is not governed by the principles or standards of any specific country.

How can you start promoting the inclusion of Bitcoin?

The dissemination of information is extremely necessary to start attracting investors, or miners, that is why developers organizations, entrepreneurs and finance experts are created, to demonstrate to the public that the inclusion of a decentralized digital currency, can significantly improve their business, and inclusion in the economic world.

The conferences, workshops, or meetings are part of the tendencies that these organizations use to promote the decentralized technology movement.

Why is Bitcoin a successful cryptocurrency?

Bitcoin apart from being one of the most valuable currencies, it has one of the most useful technologies known in the last 10 years, known as the chain of blocks, or Blockchain, an autonomous system, which has been included in many of the most important projects. innovators, such as IoT, smart contracts, among others. On the Bitcoin platform, the Blockchain system ensures authenticity.

Bitcoin allows users to make transactions in an instant and secure manner, it has also become a highly reliable exchange system, as its value depends solely on supply and demand, does not require legal justifications, or tax payments.

On the other hand, whoever invests in the cryptocurrency can execute trading operations, in order to obtain a margin of profit, which allows the individual to invest in other assets.

What are the strengths of Bitcoin?

Among the advantages of the Bitcoin system is the amount of issuance, this is due to the fact that, when establishing an emission limit amount, the asset becomes scarce, which causes a possible increase in its value upon reaching the limit. In the case of Bitcoin, 16,855,362 units of BTC have already been issued, with a limit of 21,000,000 units.