Bitcoin

The first presentation of Crypto Night 2020 will focus on the introduction of Bitcoin in Latin America

This Saturday afternoon, December 5th The general open day for the entire Crypto Night 2020 took place after three days of events and unique talks for the VIP audience.

In the first presentation organized by the Chilean Association of Crypto Technologies, Jorge Farías, CEO of the Cryptobuyer exchange, presented the panorama of the introduction of the main cryptocurrency to the market in Latin America, especially in the region’s economies presented as problematic will.

First, Farías pointed out that Coin.Dance data shows the volume of P2P markets in Latin American markets. This shows how an increase in the number of operations can be observed in the countries with the highest rate of inflation, especially in the markets of Venezuela and Argentina.

The first presentation of Crypto Night 2020 will focus on the introduction of Bitcoin in Latin America
The first presentation of Crypto Night 2020 will focus on the introduction of Bitcoin in Latin America

On the other hand, he also referred to the report that Chainalysis, where the volume of $ 2 trillion was reflectedThis shows that there is an established market in the region and shows how cryptocurrencies have helped bypass capital controls and streamline the remittance market.

Venezuela in the ecosystem

Likewise, Farías focused on the Venezuela case in his presentation, and said first that Cryptobuyer had studied statistics to support this As of December 2019, only 0.5% of transactions in Venezuela were through online transactions, while by December 2020 these transactions were found to already exceed 3%, marking growth for this type of payment in Venezuela as the nation.

On the flip side, the CEO of Cryptobuyer focused on explaining how popular a tough asset like Bitcoin was in Venezuela and also explaining the experience the company had to make Promotion of satellite nodes in the country and the work they have done to install a mesh or mesh network to conduct bitcoin transactions without an internet connection.

Finally Farías explained that Cryptobuyers experience in Venezuela mentioning how they came about to give businesses the opportunity to offer collections in cryptocurrencies to their customers.

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