Bitcoin apperar as a financial solution in Chile
While the crisis in Chile intensifies, the withdrawal of assets has been limited an option that leaves the global cryptocurrency as a useful solution
More than 16 state regions of Chile are immersed in a state of emergency, subordinated to a curfew, thus the daily routine of Chileans has been severely affected. The state suffers many difficulties in all areas including in the financial system.
Given this complexity, bitcoin has become a favorable solution for transactions, because one of the characteristics of this crypto asset and cryptocurrencies in general is that it allows customers to “become their own bank.”
According to Coin Dance data, due to the disturbances generated in the nation, emerged a connection between the ATM blockade and the increase in BTC volume, similarly to what happened in Hong Kong, where the highest mass of operations in history was seen at LocalBitcoins a month ago amid the uproar.
Many Chilean merchants are buying and selling bitcoin cash (BCH) using bank transfers and gift cards through local.Bitcoin.com, the bitcoin ecosystem startup that allows users around the world to buy and sell Bitcoin Cash freely. Moreover, the country already registered high levels of demand for bitcoin in this platform.
K.Villarroel
Source: morocotacoin
