You are viewing a single comment's thread from:

RE: Latin America and Cryptocurrency

in #cryptocurrency7 years ago

I am Dutch and currently living in Brazil. I must say that not too many people know about crypto here. Also the rates to exhange from Real (the local currency) to Bitcoin and back is pretty steep..

I do believe that the Brazilian Real is under some pressure because inflation is quite high here and there is some history of hyper inflation so bitcoin is kind of a safe haven for the long term for peoples savings perhaps.

Sort:  

I hope that cryptocurrency can come more to the collective consciousness of the Brazilian people. Hopefully, to escape the inflation you described people will find a way to invest and move their money to crypto, which can be volatile as well, but at least you can count on growth and it is not controlled by a small group of people looking after their own interests.

Agree vipete, it is my experience too that few people in Brazil are aware of cryptocurrenices.

Coin Marketplace

STEEM 0.30
TRX 0.26
JST 0.039
BTC 93799.19
ETH 3355.00
USDT 1.00
SBD 3.28