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Buenos Aires Times | Economic downturn fuels crypto craze in Argentina

As Argentines battles high inflation, a weaker currency and a shortage of US dollars, citizens have been putting their money into cryptocurrencies like Bitcoin, Tether, Etherium or Dai.

United statesBuenos airesDistrito federalEmiliano limiaMaximiliano hinzMarcos zocaroMercado libreLatin americanSouth americaஒன்றுபட்டது மாநிலங்களில்புஏனோஸ் ஐரிஸ்திஸ்திரிதோ கூட்டாட்சியின்மெர்கடோ லிப்ரேலத்தீன் அமெரிக்கன்தெற்கு அமெரிக்கா

Buenos Aires Times | Economic downturn fuels crypto craze in Argentina

Digital gold Where previously cryptocurrency may have been the reserve of tech wizards, trading platforms have evolved to create bridges to a public without financial education, said Sebastián Valdecantos, an economist and founder of Moneda PAR, an online Argentine credit system. On some platforms it requires just two clicks to make a purchase or sale. Also no longer limited to the rich, Argentines from all backgrounds and age groups are getting on board, with investments possible from a single peso. I have older clients who used to be afraid of making a fixed deposit with a bank but are buying cryptocurrency without fear of risk, said Zocaro.

United statesBuenos airesDistrito federalEmiliano limiaMaximiliano hinzMarcos zocaroLatin americanSouth americaஒன்றுபட்டது மாநிலங்களில்புஏனோஸ் ஐரிஸ்திஸ்திரிதோ கூட்டாட்சியின்லத்தீன் அமெரிக்கன்தெற்கு அமெரிக்கா

Economic downturn fueling Argentine crypto craze

Economic downturn fueling Argentine crypto craze AFP 3 hrs ago AFP © INA FASSBENDER There are an estimated two million crypto trading accounts in Argentina, a country of 45 million people, as of May 2021 Argentina s economic downturn, with high inflation, a deflating currency and a shortage of US dollars to invest in, has in fact proved a shot in the arm for one sector: cryptocurrency. © SCOTT OLSON Bitcoin cash and futures prices are seen in December 2017, as a single Bitcoin is worth about $60,000 as of May 2021 As they seek safe havens for their dwindling nest eggs, Argentines used to buffering against economic crises have been putting their money into Bitcoin, Tether, Etherium or Dai.

United statesBuenos airesDistrito federalEmiliano limiaMaximiliano hinzMarcos zocaroSebastian valdecantosLatin americanSouth americaஒன்றுபட்டது மாநிலங்களில்புஏனோஸ் ஐரிஸ்திஸ்திரிதோ கூட்டாட்சியின்லத்தீன் அமெரிக்கன்தெற்கு அமெரிக்கா

Economic crisis fueling Argentine crypto craze

Economic crisis fueling Argentine crypto craze
kuwaittimes.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kuwaittimes.net Daily Mail and Mail on Sunday newspapers.

United statesBuenos airesDistrito federalEmiliano limiaMaximiliano hinzMarcos zocaroSebastian valdecantosLatin americanSouth americaஒன்றுபட்டது மாநிலங்களில்புஏனோஸ் ஐரிஸ்திஸ்திரிதோ கூட்டாட்சியின்லத்தீன் அமெரிக்கன்தெற்கு அமெரிக்கா

Economic Downturn Fueling Argentine Crypto Craze

Economic Downturn Fueling Argentine Crypto Craze
ibtimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ibtimes.com Daily Mail and Mail on Sunday newspapers.

United statesBuenos airesDistrito federalEmiliano limiaMaximiliano hinzMarcos zocaroMercado libreSebastian valdecantosLatin americanSouth americaஒன்றுபட்டது மாநிலங்களில்புஏனோஸ் ஐரிஸ்திஸ்திரிதோ கூட்டாட்சியின்மெர்கடோ லிப்ரேலத்தீன் அமெரிக்கன்தெற்கு அமெரிக்கா