As a major hub for international business, South Florida is becoming ground zero for the cryptocurrency revolution. In fact, Miami hosted the 2018 North American Bitcoin Conference— the fifth and most attended installment of the conference—and is slated to host the 2019 show.

The appealing aspect of cryptocurrencies is the ability to facilitate international transactions where a business relies heavily on international clientele and investors. Using cryptocurrency for major international transactions can bypass the typical intermediaries such as correspondent banks, yet, still provide “real-time” transaction settlements similar to the real-time gross settlement system (RTGS).

Cryptocurrencies: Should I or Shouldn’t I?