What currency is used in Latin America (Latin American coins)
What currency is used in Latin America? What currency is associated with Latin A
What currency is used in Latin America? What currency is associated with Latin America? According to local Bitcoin transaction records, a total of 300 million Brazilian reals (about 1.3 billion US dollars) were received in over 54,000 transactions in the past 24 hours. From this number, it can be seen that the overall value of the cryptocurrency market has far exceeded that of the United States and Europe, including some developed economies such as Argentina, Colombia, and Uganda. At the same time, some countries are trying to enter this field to attract investment funds and incorporate them into their foreign exchange reserves. (cryptonews)
Latin American coins
According to Bitcoin.com, the volume of cryptocurrency transactions has surged in the past year. Argentines now use Bitcoin to purchase goods and services worth nearly $10,000, and Venezuela is starting to turn to Bitcoin payments because they see it as an “alternative currency”.
Most people in these countries use Brazilian reals and Mexican pesos for transactions. However, both countries are competing for traditional remittance business due to the lack of support from banking systems or financial institutions. Many citizens are waiting for the government to convert fiat currency into legal tender.
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