Crypto Exchanges
By James Thorp
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Daniel Vogel of BitSo at the Blockstars podcast stated: Mexicans make use of exchanges like BitSo to get the liquidity they need.
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A lot of people in Mexico have lost their source of income. And, they are being held by their counterparties in the United States, so remittances have grown significantly and we…
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When asked: Along with the Peso volatility, is the lack of access to conventional financial systems or conventional financial products also a factor?
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This is interesting specifically around the Defi craze that we are seeing today. Our Thesis is that absolutely there is a huge lack of access to traditional financial…
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And, we definitely have seen people who are borrowing or using interest bearing accounts paired with sort of like fleeing to the dollar and then basically pouring some of those…
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Today, a transaction in Ethereum in September 2020, costs you nearly 20 dollars to me. So, that price has sought a good portion of Mexican individuals, who would like to put in…
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And, those are essentially substitutes for conventional financial products, which are unavailable or that which don’t provide the types of services that your customers need?
The Currency Analytics
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