The Importance of Cryptocurrencies in Latin America

courtesy of Noticias Universia Mexico 2018

The cryptocurrencies in Latin America has a lot of commercial importance since it can open new markets to stop the purchase and sales of products in a faster and easier way but we can analyze: Latin America is ready for the use of the cryptocurrency?

Answering the previous question and I assume my responsibility is that there are two ways, the first one is based on the technological infrastructure and is its weak point since in the Latin American countries there is no own technology and neither native hardware then to generate income with the cryptocurrency is based in another alternative and is mining and mining is the generation of cryptocurrency using internet networks and energy consumption to earn income and many users place computers or hardware oriented to the mines to gain.
The other path is the creation of its own cryptocurrency, the only country in Latin America that owns it is Venezuela and is the product of an economic hyperinflation which the Venezuelan Government to overcome this induced inflation created the Petro of which has only been limited to imports and Exports between countries but still the population in general has not used the currency.

To conclude, what generates the importance is the use of the cryptocurrency in the commercial area, if Latin America focuses on the mining of the currency that is economic, if it creates its own technology that would be an indescribable advance and places a commercial exchange of person a person from the hunt, population, states or provinces and finally foreign trade, then it will be the emergent and solid power in cryptocurrencies in the world.