Latin America will be one of the biggest breeding grounds for Bitcoin in the years to come. Not only is the number of Bitcoin transactions in Latin America reaching never before seen heights, but several major companies are focusing their attention on this market as well. CEX.io, BitPay and Astropay all come together to put Latin America on the digital currency map.
Latin America Embraces Bitcoin Transactions
The advantages of Bitcoin transactions are well-known by now. Transferring funds from one user to the next takes seconds, there are no transaction fees associated with payments, and Bitcoin is a borderless digital currency. No longer will users have to switch from one local currency to the next, as Bitcoin remains Bitcoin in every corner of the world.
Earlier in the year, the trend of increased Bitcoin transactions in Latin America started to take shape. Even though Bitcoin has been a bit of a struggle near the end of 2014 – with the number of monthly transactions dropping below 400 – things started picking up soon after. But it wasn’t until February of 2015 when things really started getting interesting.
It is important to keep in mind that