Bitcoin is becoming quite big all over Latin America, and Bitcoin conferences in this part of the world have been part of that success. Mexico City will be hosting the third annual Latin American Bitcoin conference, called LaBitConf 2015. During this event, there will be discussions and presentations on Bitcoin, blockchain technology, and improving the financial situation all over Latin America.
It is no secret that Bitcoin and other virtual currencies have been making headway across Latin America in recent months. Most of the countries are plagued by hyperinflationary fiat currencies, as well as tight capital controls in terms of moving funds in and out of the region. Just a few weeks ago, the first ever Bitcoin conference was held in Sao Paulo, Brazil.
Strong Focus On Regulation and Financial Aspect of Virtual Currencies
Bitcoin and other virtual currencies could play a major role of importance in Latin America in the near future, once more people have found out what these currencies are about. To be more precise, there are two major points of interest: how will virtual currencies be regulated, and what does the financial aspect of Bitcoin and consorts entail exactly?
Latin America will be one of the biggest breeding grounds for Bitcoin in the years to come. Not only is the number of Bitcoin transactions in Latin America reaching never before seen heights, but several major companies are focusing their attention on this market as well. CEX.io, BitPay and Astropay all come together to put Latin America on the digital currency map.
Latin America Embraces Bitcoin Transactions
The advantages of Bitcoin transactions are well-known by now. Transferring funds from one user to the next takes seconds, there are no transaction fees associated with payments, and Bitcoin is a borderless digital currency. No longer will users have to switch from one local currency to the next, as Bitcoin remains Bitcoin in every corner of the world.