Latin Americans Turn to Bitcoin as Local Fiat Currencies Plunge

Latin Americans have embraced cryptocurrency as a store of value while their fiat currencies depreciate, a new report shows. Bitcoin adoption in the region is further driven by the lack of banking access and remittance needs. Latin American Bitcoin Adoption Blockchain data analytics firm Chainalysis released a new study of cryptocurrency usage in Latin American countries based on on-chain data and interviews with experts in the region last week. The study is part of the firm’s Geography of Crypt

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