Ecuadorians, those who buy the most cryptocurrencies in the region
Ecuadorians see cryptocurrencies as a form of investment. Its use as a payment method is prohibited in the country.
In Ecuador, three out of 10 people who have a bank account have bought cryptocurrencies , according to the study Trends in Means of Payment, carried out by the company Minsait Payments, which manages the Ecuadorian payment firm Credimatic.
This places the country among those that acquire the most cryptocurrencies in Latin America.
Cryptocurrencies are digital money created by people through computer codes.
One of its main characteristics is its decentralization of the world’s payment systems .
But, cryptocurrencies have been criticized by governments and international institutions that maintain that this type of virtual money is used by gangs that buy weapons, drugs and other illegal items on the ‘deep web’. That is, they use encrypted portals and connections to leave no trace of their illegal operations.
Take refuge in cryptocurrencies
The use of cryptocurrencies in Ecuador, as a means of payment, is prohibited . The only currency allowed for the purchase and sale of goods and services is the dollar.
So why do Ecuadorians buy cryptocurrencies? To have them as a form of investment because there is no legal rule that prohibits it. Read More…
