ANOTHER CURRENCY FOR LATIN AMERICA
This is a subjective approach to understand the rapport a currency has for a block of country with another. Some currencies have boundaries like the Euro and the US dollar. Yuan or peso all those currencies serve a limited purpose. Even the US dollar that is widespread can only be used in another country for a sole purpose. The richer the country is, you will see its currency has ramification everywhere.
Exchange and control transactions could be the basis for a new currency. While #hive and HBD serve a clear purpose for the blockchain, it is the currency utilized by all holders. Even in second layer you can see a way for Hive and HBD to be part of the equation. It is not new to see nations adopting new currency. Another way to see the rapport of a currency with another is clear through #upbit with Hive. The pair Hive/KRW is doing us a service and it is helping Hive to stay into the limelight.
Most of the time there is a cry for a new currency it has something to do with the US dollar reliance. You heard it before from other nations trying to control their currency. When you hear the sale of oil, it is mostly done with US dollar. Even in crypto we denominate the value in US dollar. It brings more value to the trade we involve in. Lately fiat currency fails to help the people. It doesn't matter how it proceed, the same error from central bank will follow through and you will see the trace of debt, inequality, issue with supply and demand, liquidity will always be around to doom that currency.
As I am saying there is no clear cut with any currency or even cryptocurrency. As long decentralization is not part of the process for the long haul, you can be sure many will make it, but at the end it will be chaos or extinction of that currency. I have to say I salute the goal for Brazil and Argentina as the two big powers in South America to think this way. It will help to start a conversation to a point. Not sure where the goal is apart from having a controlling part of what happen down there.
As you know cryptocurrency should be part of the conversation. This year even though it will be boring, I expect to see a ground breaking phase for crypto for the years to come. As long you have patience you will get your fair share. It is good to see how willingly these talks will be.
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