Crypto education can make Latin Americans financially empowered.
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Crypto education can make Latin Americans financially empowered. |
Crypto education can be key to increasing financial empowerment and widespread adoption throughout Latin America - if we do it right.
In October 2021, it was estimated that approximately 15% of the world's supply of bitcoin (BTC) was circulating in Latin America. According to a recent report released by Crypto Literacy, however, 99% of Brazilian and Mexican respondents failed a basic survey of crypto literacy. The adoption of cryptocurrencies is well underway across the region - even at its peak - but people still do not have a basic understanding of their basic technology and usage.
This is a serious concern when the underlying illiteracy is considered in the context of developing markets in Latin America, where the use of blockchain technologies is of real importance.
The Latin American population that lacks corrupt literacy is at risk of losing stablecoins that could provide protection against rising Latin American inflation. Also, decentralized applications (DApps) provide the non-bank population with access to financial services from their mobile devices. In countries where remittances are an important part of the economy, cryptocurrencies offer a quick and inexpensive alternative to remittances across borders.
Unlocking mainstream education
Education has the potential to address three key barriers to mainstream corruption: financial literacy, trust, and security.
Being educated about finance
Financial literacy, or lack thereof, is not the only obstacle to adopting a corrupt one: it is also an obstacle to adopting a traditional bank. Across Latin America and the Caribbean, approximately 50% of the population will not have access to a bank by August 2021, without access to a bank account or other financial services. In addition to staying away from financial institutions, many cite a lack of trust in institutions as the reason for losing banks. Where there is little trust, there is often a lack of understanding.
now we talk about the current situation of digital currency
Bitcoin bulls will defend $ 42K before Friday's $ 3.3B BTC options expire.
Setting $ 42,000 will help determine whether BTC Bills makes a profit of $ 175 million when its 25 3.34 billion options expire on March 25.
Over the past two months, Bitcoin (BTC) has honored the formation of an ascending triangle, bouncing several times from its support and resistance lines. While this may sound positive, the price is still 11% lower year on year. By comparison, the Bloomberg Commodity Index (BCOM) rose 29% over the same period.
Rising prices for crude oil, natural gas, corn, wheat, and lean hogs benefited the broader commodity index. Meanwhile, the total cryptocurrency market capitalization failed to break the $ 2 trillion resistance level and is currently 1.98 trillion. In addition to the 40-year record high inflation in the United States, a trillion spending bill was passed on March 15, enough to fund the government by September. Deteriorating economic conditions put pressure on the supply crew, which in turn pushed commodity prices even higher. For these reasons, cryptocurrency traders are worried about the expected rise in the US Federal Reserve's rate in 2022, which is expected to offset inflationary pressures. If global economies enter the recession, investors will find protection in the US treasury and US dollars, moving away from risky asset classes such as corrupt currencies.
Bitcoin Bells aims for 45K, with some analysts warning of possible corrections.
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The price of BTC has risen above $ 43,000 as bulls appear to be pushing towards $ 45,000 while some analysts have warned about the formation of the bearish flag which could lead to price correction.
The cryptocurrency ecosystem is starting to pick up in March as the price of Bitcoin (BTC) has briefly reached above $ 43,000 while Ether (ETH) has accumulated $ 110 million worth of ETH in Lido liquid. Reclaimed at $ 3,000. Data from Pointe Cointelegraph Markets Pro and TradingView show that Bitcoin rose 6.15% to an intra-day high of $ 43,380 before stabilizing support at $ 42,300 from a low of $ 40,884 early Tuesday.
This is what many analysts are saying about the recent price action of Bitcoin and what are the levels of support and resistance to keep an eye on going forward. BTC could lower price on March 22 Bitcoin move forecast was provided by market analyst and nickname Twitter user "Racket Capital", who posted the following chart, noting that "If the bitcoin successfully re-tests the green dashed diagonal as a new support, it will move towards it." Next green $ $ 43100 Matt. According to, it was a remarkable development as it "confirmed" the end of the "Multiple Month Low Series" for Bitcoin and suggested that we could reach the top soon. Despite this sharp turn of events, fellow trader and nickname Twitter user "Ed_NL" warned that it may be a little premature to open BTC for a long time based on the post-pump price action.
Earlier this week, it was announced that members of the Board Appetite Club NFT Collection would receive their own cryptocurrency, ApeCoin. The passive voice there is deliberate. ApeCoin is explicitly linked to these popular valuable non-fungal tokens and is heavily involved with Yuga Labs, which monitors the intellectual property behind board apps. But the carefully coordinated marketing campaign has taken great pains to distinguish ApeCoin from a single traditional corporation. Read more: Board Ape Yacht Club's ApeCoin rises 90% on the second day of trading Instead, public relations messaging insists that ApeCoin is a product of ApeCoin DAO, a brand new organizational unit that is entirely token holders. Administered by Holding APE makes you a member of DAO (short for decentralized autonomous organization,
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