When we are looking at which markets could really benefit from Bitcoin and digital currency, Latin America comes to everyone’s mind at some point. With Latin American national currencies being very volatile and high remittance costs for sending and receiving money internationally, it looks to be a perfect breeding ground for Bitcoin adoption.
Peru : Not to keen on Bitcoin just yet
As is the case with most parts of the world, you have to take the good with the bad unfortunately. Peru hosted a startup incubator challenge, called Digital Bank Latam 2014, with the goal being to showcase new ideas which could improve the domestic banking industry. Bitcoin could definitely improve the financial situation, so BitInka took the center stage.