Latin America's cryptocurrency

Introduction

Money is changing in Latin America. A range of different forces are reshaping traditional banking, currencies, payments systems, shopping, and investments. Financial technology, known as fintech, coupled with e-commerce and increasingly ubiquitous smart phones have opened new and rapidly shifting business and financial opportunities. Cheque payments and cash transactions are on the way out. Old banks and their big 'bricks and mortar' branch networks are dying. A new and confusing wave of innovative financial products, including cryptocurrencies and other digital assets such as non-fungible tokens (NFTs) are on the way in.

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