abstract
- The present document develops on the presence of cryptocurrencies on Latin America. It begins with the explanation of the world scenario that incentive the born of the Bitcoin as an alternative to fiat currencies, as well as the main reasons the financial institutions over the world have attacked it over the years. The main function-ality is summarized as the main argument of the supporters as a secure, transparent, and decentralized asset. Later the general conditions of under-development in Latin America are presented: corruption in the governments, increasing socioeconomic gap and migration. Under this stage, the possibility to incorporate cryptocurrencies is explored by pointing the aid to the previously discussed conditions. In this aspect, the advances of the acceptance of cryptocurrencies as money among some countries is briefly explored. Finally, a discussion on the risk and benefits of cryptocurrencies is presented to explain the volatility with a lack of international regulation. © The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd. 2022.