From bringing financial services to the bankless to funding for startups which has been notoriously difficult to obtain in the past, there's a quiet transformation under way and its being fueled by crypto.

Crypto startups in Latin America

The old Silicon Valley venture capital model of securing funds simply doesn't work down here. While there are hubs in places like Guadalajara, Buenos Aires or Mexico City where tech startups may experience a significant advantage over their peers, generally speaking, Latin America is a tough place to get capital.

Not only is income in the region much lower than the U.S. or Europe, it's significantly more spread out. And the region's governments aren't exactly rushing to lend a helping hand either. This has created a pool of talented and ambitious individuals with big ideas and no way to get them off the ground.