Crypto continues to conquer South America.

[Paha87]

While the Venezuelan government is trying to regulate the circulation of cryptocurrencies, high trading volumes in the region are registered on OTC platforms, and in Brazil you can buy movie tickets for crypto.

A new record for Venezuela to trade crypto

While the government in Caracas is trying to regulate decentralized cryptocurrencies, Venezuelans have reached a new record in terms of trading volume of the latter on the Localbitcoins platform.

The data collected by Coin Dance shows that during the 7-day period Venezuelans exchanged bitcoins worth more than 17.3 billion bolivars on a popular platform for peer-to-peer trading. This is more than 2 ' 000 BTC, a record high level for the local market.

This news came at a time when the Venezuelan authorities adopted rules to regulate the circulation of digital coins in the country.

Read on: Venezuela legalized cryptocurrency

The decree establishing the legal basis for cryptocurrencies came into force from the moment of its publication in the official newspaper of the country. It introduces rules for a number of cryptographic operations, such as buying, selling, using, distributing, and exchanging digital assets. Measures for non-compliance, including fines and forfeiture, will also be applied.

Cinema in Brazil accepts crypto for tickets

It is reported that Cine Multi became the first Brazilian cinema, which adopted the cryptocurrency for the tickets that it sells, thanks to a partnership with a provider of cryptocurrency Bancryp. The company supports POS-terminals that accept digital coins.

The cinema is located in the Multi Open shopping centre in Florianopolis, the capital of the southern Brazilian state of Santa Catarina.

According to a report on Medium, Bancryp, which advertises itself as a "crypto-Bank for millions of users in Brazil", aims to give more people access to cryptocurrencies and their real use.

Link - https://altstake.io/news/kripto-prodolghaet-pokoryaty-yughnuyu-ameriku

[adterna]

Latin America has become somewhat of a trial ground for crypto as a currency. With hyperinflation wreaking havoc in Argentina and Venezuela, and Ecuador and El Salvador without their own currency, cryptocurrencies offer a unique safe haven against government, foreign or domestic, actions which could negatively weigh on citizens’ economic sovereignty.

[AvarS]

In Latin America, the country most known for bitcoin is Argentina. And while Argentina has had the most bitcoin enthusiasts per capita, that may be starting to change. Brazilians and Venezuelans also have good reasons to adopt bitcoin — bitcoin holders in 2015 enjoyed earnings during 2015 that performed more than 400 percent better than the Venezuelan Bolivar, more than 92 percent over the Brazilian Real, more than 65 percent over the Mexican Peso and more than 41 percent over the Argentine Peso.

[alyanov]

Unlike many other regions of the world, Latin America is still very much reliant on traditional forms of public transportation such as buses, trains, and subway systems. What’s more, larger cities such as São Paulo, Mexico City, and Bogota simply cannot support any more vehicles on the road without an infrastructure overhaul. Large metro areas are already at or above maximum capacity during peak hours, making owning and commuting with a car more of a hassle than a luxury. As a result, many commuters across Latin America are putting less importance on owning a vehicle and opting to use alternative modes of transportation and on-demand services instead.
Beyond the rising demand for alternative transportation options, it’s also worth noting that Latin America is the world’s second-fastest-growing mobile market. In a region of approximately 640 million people, there are more than 200 million smartphone users. By 2020, predictions say that 63% of Latin America’s population will have access to the mobile Internet. Latin American smartphone users have quickly adopted global apps, such as Uber and Facebook. However, tech companies have yet to fully tap into the region’s potential.