PERUCOIN ABSTRACT

3 min readOct 3, 2018

The global crypto space has over 5,000 crypto currencies. Adoption of the nascent digital currencies has been found in the unlikeliest of places. Examples abound from inflation torn Venezuela to the tiny Marshall Islands in the Pacific, which has developed its own crytpocurrency. Countries as diverse as Sweden and China are considering launching their own national cryptocurrency.

Peru, unfortunately, seems to be far behind its LATAM peers with reported adoption rates as low as 0.7%. This lack of awareness or confidence creates a unique opportunity for Bits2U, the developer of PeruCoin. It will aim to educate and enhance blockchain knowledge in the Peruvian community for wider adoption.

Through PeruCoin, we seek to show all the Peruvians- the operation and functioning of the cryptocurrency world.

First step would be to set up a cryptocurrency mining farm of more than 2000 mining machines capacity and show the Peruvians how the machines are operated. We aim to build a long pathway for guided tours,with unbreakable glasses covering both- the right and left sides. Behind these would be mining machines and ancillary equipment to ensure a proper crypto-mining operation.

Peru is a USD 200 Billion economy with a per capita income of about USD 15,000. Even a small percentage of this amount shifting to blockchain will have major consequences for both- the Peruvian and the crypto economy. The first movers advantage in Peru along with a strategic marketing push for crypto adoption can create a strong moat for PeruCoin in the world’s 39th largest economy. PeruCoin will contribute to the network eﬀect of PERU tokens and will have ripple effect on the larger LATAM crypto economy valued billions of dollars.

The geographical micro-targeting would be extremely lucrative for all the stakeholders as PeruCoin becomes a one-stop shop for all things crypto in the rapidly growing South American nation. The ability to cross–sell various crypto services and offer access to global crypto players in one of the last untapped developed economies is an extremely valuable and strategic combination.

PeruCoin, The ICO that will change Peru.