Bitcoin Set to Boom in Latin America

“Political turmoil could be a force that drives further adoption by individuals looking for a secure and easily transferable alternative to the US dollar. The dollar has a history as a popular reserve currency in Latin America, as a hedge against inflation, and is the official currency in more than one Latin-American country. However, it has become more restricted recently, especially in Venezuela and Argentina. VentureBeat reported that 30 percent of Brazilians surveyed had heard of bitcoin, and only 16 percent of Mexicans had heard of the digital currency. That’s according to a study performed by Jana, a mobile platform connecting brands with emerging market consumers.”

http://blog.panampost.com/joel-fensch/2014/01/02/bitcoin-set-to-boom-in-latin-america/

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