Pablo Gonzalez on Why Bitcoin Makes Sense for Mexico

Although bitcoin is often touted as a global currency, the reality is that some countries may find it more useful than others. While moving toward more generalized blockchain technology is the trend in the developed world, there are still plenty of people in certain parts of the world who don’t have much interest in permissioned ledgers.
Bitso CEO Pablo Gonzalez was recently interviewed on Trace Mayer’s Bitcoin Knowledge Podcast, and one of the main topics of conversation was why Gonzalez decided to build a Bitcoin exchange in Mexico. Mayer clearly understands Bitcoin’s potential in Latin America, as he noted the following near the beginning of the interview:
‘BitPay’s transaction volumes are growing everywhere. They’re growing in North America; they’re growing in Europe; they’re growing in Asia; but far and away, Latin America is where the big growth is coming with BitPay.’
During their conversation, Gonzalez was able to explain why this phenomenon exists, at least from a Mexican perspective.

This post was published at Bitcoin Magazine on January 27th, 2016.