Amid the boom that bitcoin and cryptocurrencies have seen in the Latin American region, at Cointelegraph in Spain we have tried to speak to various communities of the cryptocurrency ecosystem to see the prospects for the government and Latin Americans’ own takeover that we recently reviewed.
In the midst of this search to find out the different opinions, we reached an agreement with the community – Cripto Latam – who were able to respond and express their views on what was going on.
Ezio Rojas (ER): How was CriptoLatam born? What made you propose such a project?
CriptoLatam Community (CC): It started in late 2019 and early 2020, one of the few positive aspects of the pandemic is that digital communities and instances for remote access to information and studies have grown from Michigan, USA, where we are doing our Blockchain and Cryptoactive studies; We were the only Latinos and it all started with a WhatsApp group that included RocÃo Escobar (founder) from Chile, Danilo Acevedo from Argentina, Vanesa Do Santhos from Brazil, Juan RodrÃguez from Colombia, Lorena Ortega from Mexico, Anibal Gonzalez from Venezuela and Cristhian Manriquez from Peru. Later we invited Karol Lucero, a Chilean celebrity and influencer, who was also our course partner and who helped us a lot with social networks, because although we all belong to the crypto and virtual world as internet programmers, we had very little experience with it and he did suggested we spread this idea on Instagram and Twitter. In addition to educating at the University of Michigan, we also studied at MIT and other academic institutions, where we used many lectures, seminars, congresses and meetings; where we all take part together and so continue to learn and share experiences.
(ER): How have you seen the progress of the crypto community in Latin America based on your experience since its inception?
(CC): Â It has been a constant and sustained growth that is fully proportional to the interest in bitcoin and cryptocurrencies in the region. We are concerned about the misinformation that exists and that was the main reason to try to educate and inform in our networks, I think we share the vision and mission with portals like yours.
(ER): In your opinion, what are the unique qualities of the crypto community in Latin America compared to the rest of the world?
(CC): Â It’s hard to think of unique qualities when digital globalization connects and unites us so quickly that we are equal anywhere in the world, but for Latinos, who continue to be an emerging market in all economic matters, it’s a great opportunity Opening a path into the crypto world we see in Venezuela and Argentina, where the constant devaluation of their currency allows informed citizens to flee into these assets that have outperformed the bolivar or the Argentine peso in recent years. In the case of Bitcoin or Ethereum, already consolidated cryptocurrencies, they are now a great escape route to those economies affected by inflation and the side effects of the coronavirus pandemic; something that so far only El Salvador has been able to understand and implement.
(HE):TO On the other hand, what is the biggest challenge one has to face when working in this part of the world?
(CC): Â Education is undoubtedly the greatest challenge, as in any development area in Latin America, access to quality and reliable information makes this a real challenge; Since there is no regulation, it is suitable for unscrupulous people who take advantage of people’s ignorance to cheat and deceive. Therefore, working on the prestige of crypto assets is the job of the entire ecosystem.
(WAS Now let’s talk a little bit about what’s happening in our region. How do you rate the events in El Salvador?
(CC): Â As previously mentioned, the vision of El Salvador’s President Nayib Bukele immediately gives him an advantage by adding Bitcoin to his nation’s public policy portfolio, nothing more than positioning it a step further than any other country in the region ; to understand that it is not an exclusive asset, but complements the economy, do it 5 years in advance, of course it has been criticized, but what character in the story did not receive it in his minute just because he thinks differently. Being a pioneer will always have its difficulties, but future satisfactions will only give cause for action.
(WAS Do you think other countries will follow in the footsteps of the Salvadorans? Do you think we will see this takeover in other Latin American countries as well?
(CC): Â Latino economies remain largely conservative, and leaders are showing no interest in this new world. In the short term, we do not believe that there will be massive acceptance in the region, but we at least hope that it will. This complement to the development of current economies is discussed and brought to the fore; But we are sure that the way leads there and we want to contribute by educating and informing future users.
(ER): Change the subject, how do you rate the boom in NFT games in the region? Do you see it as something positive or negative?
(CC): Â Somehow, however, this technology has more and more followers. Growing in an area that is very difficult to explain to people who do not understand how a digital asset can cost millions of dollars is worrying, it is the only path that is not negative for the ecosystem. Cryptocurrencies or blockchain technology are more than just a game.
(ER): To conclude, how do you think the Latin American crypto community will finish 2021?
(CC): Â The trend in the region as well as in the world is clearly pointing upwards, more and more people are interested in it and understand that this digital financial revolution is permanent and lays the foundation for future economic relationships. In any case, we distinguish two groups in the cryptocurrency ecosystem, those who are before 2017, who feel like gods, are owners of the truth and are reluctant to accept people and integrate them into their communities; They point out that any project they don’t know is Ponzi and that new users are just in fashion. These crypto-conservatives fail to understand that the success of blockchain technology will be proportional to the number of users worldwide who start adopting digital assets like bitcoin and altcoins. This is where we come into play, after 2017, when we experienced the first ATH from Bitcoin and waited more than 1000 days with HOLD until it reaches these values again at the end of 2020.Non-exclusive community, through information and education, is therefore our motto. â ???? Cryptos for everyone! â ???? We are in a growth process and hope for more ambassadors and influencers who have the same vision as us, who are following the path of education, as well as the Chilean Karol Lucero, who has more than 2.5 million followers and without asking for anything in return, has helped spread our message with her communication experience and her social networks. We not only invite you to take part, we invite you to inform yourself and to educate yourself. This world is not a fantasy, it is already reality, but you have to live it responsibly; It is an investment like any other that requires dedication and education.