How Cryptocurrency Will Disrupt the Banking Industry in Latin America As Latin American countries flock to cryptocurrency, they are creating a spot for themselves in the digital global economy where cryptocurrency is a key player.
By Tony Delgado •
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Since its first release in 2010, cryptocurrency has been regularly covered in the news and various industries involved. But despite being in existence for a decade and rising in value, this modern form of currency is still foreign to some people.
Put simply, cryptocurrency is an internet-based medium of exchange that can be used to buy goods and services. But unlike regular arrangements, it uses an online ledger with strong cryptographic functions to secure online transactions, keeping its users safe from double-spending as well as counterfeiting.
Related: What is bitcoin? Why the digital currency became popular
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