Latin America is being a fertile territory for cryptocurrency enthusiasts, and even some cities in the region, such as Bogotá or Buenos Aires, are in the first places in the world with respect to commercial options to use cryptocurrencies.
Here we bring you the top 5 cryptocities of the region, organized according to the number of options in each case.
Bars, restaurants, ATMs, exchange houses and services associated with technological developments are some of the options. According to the CoinMap database, this ranking is as follows:
BUENOS AIRES, ARGENTINA
As we have mentioned, the capital of Argentina was designated by Forbes as one of the main cryptocities of the world. Its capital has up to 154 places where coiners can use their cryptocurrencies. In addition, meetups and events are regularly held in the city among cryptoactive enthusiasts, and have an active digital community through social networks such as Facebook or messaging applications such as Telegram. Other cities such as Rosario have about 11 points where cryptocurrencies can be used or exchanged.
BOGOTA COLOMBIA
Then Colombia, a country that has shown to have a very active coiner community and an unusual interest in blockchain technology, which includes its elected president, Iván Duque and the blockchain proposal as a solution to the transparency of the nation's businesses . Its capital, Bogotá, has a total of 87 places associated with cryptocurrencies. In addition, it is worth mentioning Medellín, which has 28 places according to CoinMap.
CITY OF MEXICO, MEXICO
In third place we find Mexico City, capital of Mexico. This country has a robust fintech industry and there is even regulation on the matter. The inhabitants of this city can access up to 43 points where they can use their cryptoactives to eat or drink; also to acquire services or to exchange them for fiduciary currencies. In Guadalajara there are 12 establishments or businesses that accept cryptoactives.
CARACAS VENEZUELA
Then there is Caracas, capital of Venezuela, a country that is going through a significant economic crisis exacerbated by the hyperinflation of the Bolivar. The citizens of the country have shown an unusual interest in cryptocurrencies that serve as a safeguard of value for their heritage. The inhabitants of the Greater Caracas have up to 33 options to use their cryptocurrencies. The country not only has a significant bitcoin exchange volume but its capital shows the first signs of commercial adoption
RIO DE JANEIRO BRAZIL
This ranking closes Rio de Janeiro, one of the most emblematic cities of Brazil. There the coiners have up to 30 commercial options for their cryptocurrencies. In Brasilia, the capital, Rioja have 17 options to spend, exchange or buy their cryptocurrencies.
Rio de Janeiro Brazil. Source: 12019 / Pixabay.
Other cities such as Lima (24 establishments), capital of Peru; Panama (21), capital of Panama; Santiago de Chile (13), Chilean capital; Quito (9), the Ecuadorian capital or San José (7), in Costa Rica, are also among the region's options, although with a lower incidence than the first five mentioned. Asunción (6), in Paraguay; Guatemala City (5), in Guatemala; Santo Domingo (3), in the Dominican Republic; San Salvador (3), in El Salvador; o La Paz (2) in Bolivia, other capitals of the region, also have some options.
The region continues to be fertile ground for cryptoactives. For example, at the end of July, countries such as Brazil, Argentina and Colombia showed an increase in the exchange of bitcoins through localbitcoins.com, a significant factor in interpreting the level of adoption and interest in this cryptocurrency. The Venezuelan case is paradigmatic, reporting important levels of exchange as a result of the inflationary spiral in which its currency is found