The #Bitcoin in Peru is different from other Latin American countries, yet in it unbanked communities are embracing Bitcoin and transforming their lives with it. @MotivPeru is an NGO that has single-handedly fostered 16 Bitcoin economies, offering stability and growth to a small group of over the 50% of unbanked Peruvians. These communities it's the women, especially single mothers, who are leading this effort.
#Bitcoin’s impact extends beyond daily transactions, with it comes a shift in mentality and economic growth prospects. As the Sol loses value due to inflation, Bitcoin provides a secure and appreciating store of value, so we can only hope some of @MotivPM's beneficiaries have held on to their sats.
Beyond these grassroots efforts, with the rise of #Bitcoin ETFs, the Lima Stock Exchange now also gives Peruvian investors a new avenue into the market. Backed by global giants, these ETFs offer a secure investment structure, signaling a significant shift in Peru’s financial community's perception and adoption of Bitcoin.
Moreover, as Peru moves towards realizing more of its vast energy potential from hydro, wind, and solar sources, there is plenty of mining potential as well. Even Lima's mayor @rlopezaliaga1 himself has admitted dabbling into mining at some point as part of his storied business background.
If you want to know more about the Bitcoin scene in Peru, give @orangepillperu a follow and join their Telegram community.
BTW, where do you think we could spend some sats with @AquaBitcoin in Peru? Asking for a friend... 👀
5/4/2024, 9 engagements
