You are viewing a single comment's thread from:
RE: Latin America and Cryptocurrency
Great post! I would love to hear more. The fact that crypto's are being adapted is just fantastic. But I am very much interested to hear more. Do regular people use crypto's? how many people? How are crypto's exchanged? Can you buy like, a car with it? How high are the exchange fees? How do they cope with the transaction fees?
This is so exciting.
Omar, maybe you could do an interview with a local adopter, user? That could be so interesting.
Well, the exchange rates, for example, of BTC to the Brazilian Real are very high, so there are still many roadblocks ahead in L.America. In Mexico, regular people use Bitcoin for their everyday things, they even have Bitcoin ATMs in little convenience stores over there. They have about four major exchanges in Brazil and another four major exchanges in Mexico, as well. The other countries in L.America are lagging a bit but they will catch up. I will continue to update, so if you would like follow, resteem and upvote, I won't disappoint.
Thank you for the reply.
"In Mexico, regular people use Bitcoin for their everyday things"
How does it work exactly? Maybe an example. For example I buy a burrito for 3USD. They just use a smartphone wallet to pay? What about the transaction time? Also I find it hard to imagine someone paying f.e. 0.50USD transaction fee to buy a 3USD burrito