Cryptocurrency Drives Opportunities in LatAm for Investors, Businesses, and Families

Bitcoin’s inception introduced a major phenomenon– online payments directly between parties would no longer require financial institutions as intermediaries. This compelled a small community of original investors and true believers–the blockchain technology aficionados and the speculators who sought to make money from what they thought was a new market scheme.

What started out as a few lines of code committed to the Bitcoin blockchain in 2009 has amassed a following far beyond that of a niche group of individuals. In 2022, ongoing trends and developments prove its value to an ever-expanding demographic, with Latin America (LatAm) holding prevailing relevance. 

Ospree asked Juan Llanos, Chief Compliance Officer at cyptomarkeplace Ripio “What do you think are the top 3 LATAM countries that are going to lead this industry in the coming years?”

“Brazil and Mexico for their sheer size, and all they have to gain. Uruguay for its enlightened, forward-thinking attitude to innovation, and the little they have to lose.”

Opportunity: Migrants are a Primary Segment of LatAm’s Growing Demand for Crypto

El Salvador became the first to adopt Bitcoin as legal tender on June 9, 2021. Since then, LatAm has received 9% of the world’s value in cryptocurrencies and has P2P activity surpassing that of the U.S. and Europe.‍