Most of the countries in LatAm already have two financial systems. The state financial system is difficult to use, filled with regulations and requires the population to do business in a national currency that is generally not widely used outside of the country.
It should come as no surprise that US Dollars, Euros and Pounds Sterling are very popular in the second financial system that is common in LatAm nations. Of course, the second financial system is illegal. Foreign currency is commonly held as a back-up to the suspicious national financial system, but holding physical currency comes with its own set of problems.
Many people in LatAm nations have gotten used to dealing with problems that aren’t well understood in countries that have more stable financial systems, and the growing financial problems could drive the use of first-tier cryptos much higher. Please Read More Here
