 Disruptive Monetary Phenomenon, Challenges and Complexities (Cryptocurrencies)Mario Ivan Contreras Valdez () and
Daniel Cerecedo Hernandez ()
A chapter in Data Analytics Applications in Emerging Markets, 2022, pp 93-104 from Springer Abstract: 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 functionality 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. Keywords: Cryptocurrencies; Latin America; Development (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-19-4695-0_5 Ordering information: This item can be ordered from DOI: 10.1007/978-981-19-4695-0_5 Access Statistics for this chapter More chapters in Springer Books from Springer |
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