Bitcoin argentinabitcoinusd
Bitcoin has proven to be a solution for many of the problems caused by inflation and subsequent capital controls. And while workers and merchants have turned to bitcoin first as a hedge against devalued local currencies, the technology is beginning to find a number of practical applications as a payment method. Since , Facebook, Twitter and WhatsApp have been the main networks that have benefitted from that growth in Latin America. Argentinians and Brazilians are among the groups that spend more time on social media networks than anyone in the world.
As more Latin Americans become used to the freedom and global connection that web technologies like social media provide, bitcoin will continue to be an attractive alternative to payment systems built for a pre-digital world.
Macri was the mayor of Buenos Aires before he became president, and it was during his term that the city government organized the first Bitcoin Forum in Buenos Aires in July Although bitcoin usage is growing rapidly in Latin America, it still faces several obstacles. Another challenge to adoption is the friction for consumers to buy and sell bitcoin. Latin America stands out as a land of opportunities for bitcoin in Sonny Singh is the chief commercial officer of BitPay.
Seven applications for b itcoin in Latin America Bitcoin has proven to be a solution for many of the problems caused by inflation and subsequent capital controls.
As a universal currency, bitcoin has allowed consumers to shop and send money internationally. From Apple to Walmart, international businesses that might not accept local payment options from Latin America can use bitcoin to continue to reach online shoppers in the region. Bitcoin may help Latin American tourism weather the current economic crisis. Because bitcoin can be used by anyone with an Internet connection, it can reduce foreign exchange costs for both tourists and merchants.
Latin American companies sending payroll payments to international workers can benefit from faster, simpler payments without the costs and delays of wire transfers.
Exxon Mobil employs more than 1, people in Argentina, so bitcoin may offer it and other international oil companies a way to more easily send money to payees in Latin American countries. Online marketplaces like OPSkins have already seen massive success using bitcoin to send payouts to international vendors.
Marketplaces like eBay which moved into the region in and Amazon may find bitcoin to be the best solution for payments for Latin American buyers and sellers. My Wirex account and plastic card lets me travel from country to country without concern about local exchange rates. Buying bitcoin on Wirex is so fun and easy! Argentina, Venezuela, we all know the problems. Wirex helps me save money in bitcoin and the value is going up!
Getting paid in bitcoin sent to my Wirex wallet saves me money on exchange rates. I convert bitcoin to dollars and withdraw at the ATM or spend with my card. Install the gorgeous Wirex mobile app — for bitcoin banking at your fingertips AppStore Android or create an online account. Depending on your country, you can add funds by converting bitcoin deposit into FIAT, bank transfer, PayPal, or using our digital currency exchange features inside the app. We began issuing cards in The Wirex Card is now used by customers in over countries.
Our goal is to make bitcoin simple for everyone. Wirex customers in South America.