The economic and financial landscapes have experienced several shakeups in the past years. While some countries took blows from slow growth and high inflation, an exciting innovation gained ground: cryptocurrency. As the world economy recovers, one region in particular is ready for reform and modernization — Latin America.
After disappointing growth over the past few years, economic activity in Latin America remains on track to recover gradually in 2017–18 as recessions in a few countries— notably Argentina and Brazil— come to an end. Domestic demand is recovering gradually and the external environment provides support to this recovery, with improved partner demand and supportive financial conditions. Monetary policy can play a supportive role because inflation has been moderating rapidly. More importantly, this is the time to urgently press ahead with much-needed structural reforms to ensure sustainable and inclusive growth.
However, financial penetration for the population is still low. This needs to be addressed for inclusive growth and successful reform. No one knows exactly how much of the population is “unbanked,” or financially underserved, in Latin America and the Caribbean. However, estimates put the number as high as 70%, or more than 400 million people, which is a huge market filled with big opportunities for those who know how to reach it.
It is timely that the adoption of Bitcoin and cryptocurrencies is breaking records in Latin America, because there is a real need for an alternative to the traditional banking systems and fiat currencies. Cryptocurrencies allow citizens of Latin American countries to buy and sell on a global market, trade goods and participate in an ever-changing world economy.
This is where BitcoinPeso (BPESO) comes in. It will help bring value, stability, and accessibility to over 630 million residents in need of this financial revolution.
BitcoinPeso Mission
BitcoinPeso aims to be the leading decentralized payment method for households to pay rent, buy consumer goods, p2p payments, and platform for micro loans. BitcoinPeso allows quick, easy, anonymous transactions to take place without having to worry about large amounts of fiat currency, and traditional banking restrictions.
Bitcoin Peso believes in easy payment solutions, accessibility, stability and unity for Latin America.
BitcoinPeso Vision
At BitcoinPeso, our vision is to empower a market of over 630,000,000 people in Latin America, who currently don’t have access to some form of digitized currency across the region. We believe BitcoinPeso can help reverse this trend and help bring people out of poverty by giving them the kinds of banking tools that can provide liquidity for entrepreneurial ventures via micro loans, autonomous processing, and intuitive digital tools for the large percentage of the population unbanked, as well as create new opportunities in the digital economy locally and nationally in the future.
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Great project
Wish for the best
Will the cryptocurrency be the path to the economic inclusion of so many Latin Americans who still today do not have access to banking.. even to any kind of security
(I took this picture in a Brazilian favela in 2016 )