[2015-09-27] South American Economies in Recession, Brazil Embraces Bitcoin

[jdebunt]

https://news.bitcoin.com/south-american-economies-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.

[RustyNomad]

I've said this before but think I'll say it again....

The biggest driver behind the mass adoption of bitcoin will be the governments who through their own actions make their local currencies worthless and as such leave the citizens of that country with little choice but to take up alternatives.

At present the only true alternative is bitcoin. Lets hope that it gains even more ground in the months to come so that it gets so 'ingrained' in their society that it will remain the 'currency' of choice even after their present problems has been resolved, if ever.