1.Bypassing Monetary Controls.
Bitcoin is exponentially expanding in Latin america allowing them to buy food from the US like amazon or even wall-mart. Venezuela government restricts money in and out of the country via the banks, and Bitcoin allows the people to by pass this restrictions by the government.
2.Bypassing tariffs in Brazil
a) Avoid paying a Import Tariff tax of 60% when purchasing from the US.
b) Avoid Paying a 27.5% foreign exchange tax when bring money in to Brazil.
c) Brazilians that travel abroad are paying 6.38% tax with every purchase.
3.Eliminating Red Tape
Starting a new business in Brazil takes 14 times longer then the US and moving this to the blockchain could speed up this process. Honduras is still creating land titles on paper and the blockchain could help speed up and authenticate transaction.
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