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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.

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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.