South American Economies in Recession, Brazil Embraces Bitcoin


South American countries are struggling to make ends meet, as nearly every country in the region is facing hyperinflationary currencies and incredibly tight capital controls. Moving funds in and out of these countries is all but impossible for most citizens, forcing them to look for alternatives. Bitcoin is gaining ground in these countries, even though Mexico might be on the mend.

Also read: Australian Banks Don’t Like Bitcoin

Mid Post Ads

Mid Post Ads

Mexico Survives The Economic Havoc in South America – For Now

Bitcoin.com_Mexico Economy

The continent of South America is going through an extremely rough patch this year. Most of the major fiat currencies, including Argentine Peso and Brazil Real, are plunging in value on a

Read more ... source: TheBitcoinNews