[2015-07-17] Bitpay: Monthly Bitcoin Transactions Up 510% in Latin America

[tyz]

Bitpay has released figures showing a huge spike in transactions in Latin America, surging from 638 in February all the way up to 3,509 monthly in June 2015.

http://cointelegraph.com/news/114879/bitpay-monthly-bitcoin-transactions-up-510-in-latin-america

[kjlimo]

I wonder how many are in Puerto Vallarta?

So far, I haven't seen any yet, but I haven't looked very hard either...

[aso118]

638 is not a huge number; it is just 20 transactions per day. They should stop publishing percentage increases over a small base.
That said, good to hear about Bitcon adoption increasing in the developing world.

[notthematrix]

they do learn from greece....
money is quite useless on a bank were you cant reach it!

[Kprawn]

This is also why these guys are moving operations there --> http://www.coindesk.com/cex-io-launches-bitcoin-exchange-service-in-latin-america/

This is staggering news --> “Among Latin America's 600 million inhabitants, more than 60% are unbanked, meaning they have no access to bank accounts.”

I think the most people are shifting towards Bitcoin due to the inflation rate of 20% on the Peso. Kudos for Bitcoin businesses reaching out to them. 

Let's get in there, before it reach the stage where banks close their doors to them, like in Greece. 

[tyz]

You are right, but likely, it is just a reflection of the increased interest in Bitcoins in common. Most Latin Americans probably don't buy their Bitcoins over Bitpay. So the real new interest and purchases must be much higher.

638 is not a huge number; it is just 20 transactions per day. They should stop publishing percentage increases over a small base.
That said, good to hear about Bitcon adoption increasing in the developing world.