W2S's avatar
W2S 1 year ago
Amazing. Sounds like you're an organic farmer within that supply chain. Any challenge finding restaurants or produce/meat distributors that are willing to have their costs (your revenue) denominated in BTC while their Revenues (from end market consumers) are denominated in fiat? Curious as to whether this is a challenge.

Replies (1)

Forest's avatar
Forest 1 year ago
This is certainly a challenge. LatAm compares to Eastern Asia or Eastern Europe, in that a bottom-up adoption driven by currency devaluation meets a top down adoption from institutions offering services. Adoption is also driven by a high volume of remittances flowing from high income countries to the region. So, they’re ahead of the curve in terms of retail use and value transacted. However, they like their stablecoins on a CEX much more than a cold storing maxi does. I mean, USDT on a CEX looks pretty stable and convenient, compared to the Argentine peso in a bank account. So the challenge will be the Bitcoin part. To convince a region, battered by volatility, for a store of value that is more volatile than what they currently use…