How has Latin America adopted cryptocurrencies?
A clear example of the use of cryptocurrency in Latin America is Venezuela, which only in 2012 registered an inflation of 686.4%. In this country, many citizens use the sending of remittances from abroad through cryptocurrencies, which guarantees coverage against inflation and the intervention of traditional banking institutions. During May 2012 alone, BInance reported that trades from its platforms had increased by 75% just during that period.