Bitso's $2 billion rise shows the power of crypto innovation in Latin America. Presented by realMatrixport.
or don't have access to a full suite of banking tools, Diaz-Ortiz said, adding:"Most of those people live in countries with economic systems that look like nothing like the USA and could benefit from decentralized-finance solutions."
But crypto is likely not the end-all-be-all solution — especially as sufficient adoption stalls, national debts balloon, and the industry remains riddled with fraud and theft.Camilo Freedman/NurPhoto via Getty Images Chivo, the name of El Salvador's digital wallet and slang for"cool," was supposed to be an easy gateway into crypto for the nation's population and an integral step in the government's experiment with a digital national currency.Sixty-one percent of Salvadorans abandoned the app after downloading and withdrawing the $30 sign-up bonus that came with it, according to anAnd like any crypto player, Bitso has faced chilly winds in the crypto winter.
This article is intended to provide generalized information designed to educate a broad segment of the public; it does not give personalized investment, legal, or other business and professional advice. Before taking any action, you should always consult with your own financial, legal, tax, investment, or other professional for advice on matters that affect you and/or your business.
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