According to Uphold, Latin America benefits greatly if cryptocurrencies, fiat money, and upcoming central bank digital currencies can be exchanged.
The director of Uphold, JP Thieriot, affirmed in the Cointelegraph medium that Venezuela and Colombia are the two countries that most adopt cryptocurrencies in the region, in addition to El Salvador. Of Uphold 7 million users, 1.4 million are from Latin America, and the high adoption rate in the region continues to attract global players.
The goal for Latin American countries would be to generate a functional system in which anyone could exchange assets.
Bitso became the region’s first crypto unicorn thanks to a Series C capital raise of $ 250 million in May.
Argentina, accompanies this movement, since lately it is stomping in the Crypto market.
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