Florida adopts cryptocurrencies for exports to Latin America
Amid the imposition of tariffs by the US government, Florida companies have adopted the use of cryptocurrencies to export products to Latin America, including Venezuela, where the national currency is unstable
A group of companies in Florida have decided to continue exporting their products throughout Latin America by adopting the use of cryptocurrencies, which will allow them to receive payments in digital currencies backed by the US dollar.
In this regard, they have explained that they want to maintain trade with countries like Argentina and Venezuela, whose national currencies are unstable. “A trend that entrepreneurs attribute, in part, to new US government policies favorable to these digital assets.”
One of the companies that is entering this space is Giannone, which “buys batches of used iPhones, certifies their operation, and distributes them to resellers in Latin America.” It has already established contact with the Shield platform, co-founded by a Latin American entrepreneur to “help companies transact in stablecoins, such as USDT, pegged to the value of the US dollar.”
Payments to Jireh Tech Solutions can be made in cryptocurrencies backed by the US dollar, thus “avoiding exchange rate depreciation with the certainty that they comply with the new regulations required by the United States, but with less banking bureaucracy.”
The companies involved point out that the use of cryptocurrencies is an alternative that allows them to grow their client base, in addition to offering them a second option, since what they normally did “was only receive wire transfers (bank transfers) with all clients, and there was no second option for all of them.”
M.Pino
Source: lapatilla
(Reference image: AronPW on Unsplash)
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