Share

Is Bitcoin Latin America's Next Big Thing?

By Fred Ehrsam

Why digital currency can be a game-changer for Latin America.

The new technology for financial transactions is a boon for people who lack access to traditional banks and financial systems.

The historic surge of global Internet access and usage underlines the tremendous potential of the technology known as Bitcoin.* In two decades, the number of Internet users worldwide grew from approximately 25 million in 1994 (0.4 percent of world population) to around 3 billion in 2014 (40 percent of world population).1 With 8 million Bitcoin users in 2014 (0.1 percent of world population), we may very well be in the “1994” of Bitcoin.2...

Read this article on the Americas Quarterly website. | Subscribe to AQ.

Related

Excélsior destaca discurso de Susan Segal en conferencia de COA en México

"Vamos a visualizar el progreso de los últimos seis años (en México) y pensar en las oportunidades del futuro", dice la presidenta y CEO, según el diario.

Why Was Argentina’s 2001 Default So Contentious?

A new book retraces the 15 years of grueling litigation that followed but doesn’t emphasize the contractual changes it provoked.

Explore