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Monetizing content in Hive, a high-value job in Latin America

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Salud con Lupa

Latin Americans are generally accustomed to living in crisis largely because corruption, inflation and inequality are the daily bread in these lands, coupled with the fact that most of the economies in the region are linked to the export of raw materials (oil, minerals, soybeans and other agricultural products), which obviously affects the low value of local currencies between Mexico and Argentina.

Moreover, it is increasingly difficult to access well-paying jobs, especially those paid in U.S. dollars, the currency that sets the pace of the economy in the region and the world, coupled with the fact that the pandemic has deeply devastated the pockets of Latin American countries.

Considering the situation it is not surprising that in countries such as Argentina, Colombia or Venezuela the penetration of cryptocurrencies, especially Bitcoin has penetrated very strongly in their societies, however most of the population in this region lives in poverty and it is a very hard task to devote part of the income in fiat money to acquire this digital currency to wait for its value to rise, that turns out to be the worst financial strategy to follow if you have a large family and a lot of hunger.

Also, the minimum wage in Latin America is one of the lowest in the world, averaging US$ 250 per month (in the case of Venezuela is equivalent to US$ 15) so the Web 3.0 revolution in this region has meant the possibility for more people to access these new ways of generating income through content monetization. In this sense, Hive has become more than just an option to increase income, now this social network represents a space where Latin Americans can access incomes higher than the salary of an average professional, all this possible thanks to the power of the Hive cryptocurrency.

Today the average price of the Hive cryptocurrency is US$ 0.8 and at some point equaled the value of the American currency, evidently benefited by the momentum of King Bitcoin in the cryptosphere. So, it seems indubitable that the Hive cryptocurrency will at any moment surpass the price of a dollar to the same extent that Latin American currencies are sinking further in the face of the Covid crisis and the energy transition. If Hive were the currency of a Latin American country, it would be in first place in the region, making content monetization the most lucrative economic activity in that part of the world.

It is certainly not easy to monetize content in Hive, largely because presenting a work considered 'quality' depends heavily on the appreciation of the community, as we know this factor is determined according to the taste of each curator to vote for you or not, however given the increase of this cryptocurrency a good part of Latin American content creators obtain income greater than or equal to the monthly salary, and this dedicating a few hours a day or week.

Likewise, Hive and its dapps offer a universe of options to the members of the community, which can be measured in an extraordinary diversity of tokens as well as forms of investment linked to the world of cryptocurrencies, a situation that makes this decentralized currency an access bridge to Bitcoin, Ethereum and DeFi or TNF, that is, to the possibility of increasing income beyond the monetization of content.

Hive represents in a positive way the importance of web 3.0 in a social context based on the decline of the fiat model, and especially in the Latin American region this economic alternative is beginning to be configured as a trade or career that can sustain the life of a person or family, even be the key to fulfill the dream of economic independence.

So let's write because there is still a lot to monetize!

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