Look at the graph on this page that shows the adoption of crypto by merchants in Latin America.
https://www.zerohedge.com/news/2019-04-23/imf-poll-shows-real-demand-crypto-payment-solutionsCrypto Payments Ready to Develop in Latin America
Crypto adoption in Latin America has reached an all-time high with 8,000 transactions logged since the start of 2019. While much of the world is still battling its way through a long crypto winter, South American traders appear committed to the cryptocurrency cause. Digital tokens are seen as the most effective way out of economic and political turmoil. The Venezuelan financial crisis and international sanctions have resulted in citizens abandoning the bolivar in favor of other currencies. However, it seems that rather than turn to foreign currencies, thousands are instead choosing cryptocurrencies.
CoinDance stats also show trading has shot up in neighboring Columbia since the start of the year.Meanwhile, in Argentina, CoinDance’s LocalBitcoin data reveals that trading volumes have hit 2019 high. With a volume of over 8.5 million, it is the second highest weekly trading volume ever. As per an Argentinean cryptocurrency expert speaking to news outlet La Verda, some 20,000 people in the country currently own cryptocurrencies. If true, this means that a relatively small group of citizens are doing the majority of the country’s trading. Can Latin America benefit from a new monetary system that integrates Crypto payments seamlessly?
The popularity of Cryptocurrencies in Latin America presents an opportunity to build crypto payment solutions. Therefore, the environment is ripe for visionaries to develop a new monetary system.
There is, in fact, a project seeking to build a blockchain-based monetary system that can no doubt challenge the traditional system....