The volume of Brazil trades in Bitcoin has grown rapidly since May, from $1.65m to $2.6m, showing a 158% monthly increase across all exchanges. Despite the negative reputation of the currency in the country, more merchants are opting to accept Brazil due to its low transactions fee, high internal exchange rates, and the ability to move money out of the country with ease.
The volume of Bitcoin trades in Brazil has grown rapidly since May, from $1.65m to $2.6m, showing a 158% monthly increase across all exchanges. Despite the negative reputation of the currency in the country, more merchants are opting to accept Bitcoin due to its low transactions fee, high internal exchange rates, and the ability to move money out of the country with ease.