Why Latin America Could Pass the Rest of the World Using Cryptocurrency

First-world actors are largely the drivers of the cryptocurrency industry narratives, with speculative gains-seeking as the typical order of the day. Many times when you hear about applications for digital currency in the developing world, it will be from someone in the developed world trying to hype their project in front of other speculators. However, I believe that the real and under-hyped cryptocurrency revolution may be happening in Latin America, and that many wealthy countries may end up coming in second in the new global digital money economy.

Latin America has a disproportionately high interest in cryptocurrency

Quite simply, a lot more people are catching on to cryptocurrency in Latin America than in most of the rest of the world. A Statista global consumer survey showed that of the seven countries with the highest percentage of the population claiming to own or use cryptocurrencies, five of them were located in Latin America. Paxful and LocalBitcoins charts…