If you are on the lookout for a Latin America crypto processor, know this: processing payments in Latin America (LATAM) is often a tricky subject for businesses who wish to expand into the region.
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And while each country tends to have a specific way of handling cash payments, it is surprisingly refreshing to see the strides in terms of Latin America crypto processors.
If youre out of the loop, Latin America is a major driving force in terms of promoting crypto legislation.
Following El Salvador‘s position of recognizing Bitcoin as legal tender, Brazil and Peru’s governments allegedly began talks, deliberating if they should quickly follow suit.
The feeling doesnt resonate in all LATAM countries with volatility being one of the main reasons mustered against the thought of a deeper crypto penetration rate.
In fact, protests arose in El Salvador and Bolivia has outright banned crypto completely, barring merchants with crypto offerings to benefit from them.
The divide is real but crypto is undeniably in LATAM‘s present and future which is why the crypto processing ban in one country hasn’t deterred others from adopting this revolutionary tech.
Finding Your LATAM Crypto Processor
Even though one of crypto‘s ultimate goals is to be a borderless currency, setting up your crypto processing gateway might still be dependent on the country you’re trying to do business with.
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