Bitcoin Purchased thru Peer to Peer (P2P) method has been raising in volume this year
A study shows bitcoin trading volume in P2P markets has raised up by 22%
This volume is generating mostly from latin american countries like Venezuela and Colombia
Due to political unrest and raising inflation people are buying bitcoin higher this year
According to a report by Peer to Peer marketplace Local bitcoins Venezuela and Colombia is dominating the markets in 2020
Venezuela generated 12.3% of total P2P volume and Colombia 11% in 2020
Meanwhile Volume from Argentina, Chile and Brazil markets has been stable and raising in a steady phase.
Venezuela has been making headlines for accepting bitcoin as a payment method in Pizza Hut Restaurants.
Economic situation in Venezuela is still in grim and that's one of the main reason people are buying bitcoin more than ever.
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