The Latest Insights from International Online Marketing
Bitcoin is one of the most popular virtual currencies in the world.
In 2015, the number of people in Latin America who used the virtual currency rose by a staggering 1,750% approximately.
Argentina has the largest proportion of Bitcoin users in its population in Latin America, but other countries such as Brazil, Venezuela and Mexico are starting to catch up.
The rise of Bitcoin in the region has been attributed to the economic downturn affecting Latin America.
Rising inflation is troubling many countries in the region, and some Latin Americans are now turning to Bitcoin to buy products from other countries and ship them in.