Latin America's cryptocurrency

Brazil follows a different road

In some ways the contrast between Brazil and El Salvador could not be greater. Brazil's population is nearly 33 times larger than El Salvador's, and the value of its economic activity is 55 times greater. Despite this, there are important similarities (among them high levels of informal and unbanked workers). In the specific areas of cryptocurrency and fintech, there are also interesting contrasts. To put it bluntly El Salvador has done little to change traditional banking or payments systems, but, as we have seen, has championed a radical and high-risk shift to crypto. Brazil, on the other hand, has approached crypto in a highly cautious manner, while being much more radical about fintech.

End of preview - This article contains approximately 2300 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

LatinNews
Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
Contact
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.