Latin America is home to the world's first digital currency: Ecuador launched its digital currency, the Electronic Money System (SEME), in 2014, becoming the first country in the world to do so. The system is designed to facilitate electronic transactions and promote financial inclusion, particularly for people who do not have access to traditional banking services.
Brazil is a leader in biometric identification technology: Brazil has one of the world's most advanced biometric identification systems, known as the Unique Identification System (Cadastro Único). The system collects biometric data such as fingerprints and facial recognition information from citizens and uses it to verify their identity for a range of services, including social welfare programs and voting.
Argentina is a hub for software development: Argentina has emerged as a hub for software development in Latin America, with a growing number of technology startups and companies. The country's tech sector has been boosted by a highly educated workforce and a favorable business environment, which includes tax incentives for research and development. Some of the most successful Argentine startups include MercadoLibre, a Latin American e-commerce giant, and Globant, a software development company that works with clients such as Google and Disney.