After generating a cost-effectiveness of 137% in 2017, many Peruvians are interested in investing in the cryptocurrency.
Up to five ATM’s will be installed this year in several malls in Lima so that people can buy cryptocurrencies, such as Bitcoin, Ehereum, Litecoin, Ripple, and Dash. The information was given by Rafael Merino, Manager Director of the stock market advice company Bolsa Investor.
Cryptocurrency is a virtual asset that can be used as payment for items or services, as well as exchanged for other types of currencies, for instance, dollars or euros, but there’s no possibility of converting it to physical paper money.
Today, there are many people in Peru interested in investing in Bitcoin, especially after this currency generated cost-effectiveness of 137% in 2017.
Merino told Gestión that the most frequent investor profile is of young people between the ages of 25 and 30, with a high education level and a medium-high socioeconomic status.
To buy Bitcoin you can go online to specialized websites or you can do it through the purchase of non-public funds, explained Merino. He also said that in Peru it is more frequent for investors to use the first option.
Everyone that’s interested in investing in cryptocurrency should look out for possible frauds, warned Merino. “The demand is growing and there are many companies offering their services as intermediates to acquire them (…) and many of them turn out to be pyramid schemes, that is, frauds”, the Manager Director of Bolsa Investor told Gestión.