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Crypto retains lure in Latin America s inflation hotspots

FEATURE-Crypto retains lure in Latin America s inflation hotspots

Crypto used as inflation hedge in Argentina, Venezuela Curbs on foreign currency transactions boost its appeal Many virtual coin users hurt by tumbling prices this year By David Feliba BUENOS AIRES, Dec 14 (Thomson Reuters Foundation) - The "crypto winter" has shattered the money-making hopes of many small investors around the world, but in inflation-plagued Argentina, cryptocurrency converts are holding on. Inflation is expected to reach 100% this year in South America's No. 2 economy, and for many Argentine retail investors the priority is to protect the value of their savings - traditionally by buying dollars, but increasingly virtual coins.

Four Stories From Argentina, Where Bitcoin And Crypto Rule The Land

Four Stories From Argentina, Where Bitcoin And Crypto Rule The Land
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Bitcoin lures inflation-weary Argentines despite crypto crash

The central bank has warned repeatedly about the risk of investing in volatile digital currencies, and some adopters are taking it carefully.

Bitcoin lures inflation-weary Argentines despite crypto crash

BUENOS AIRES (Reuters) — In the Crypstation cafe in downtown Buenos Aires, trendy young Argentines order their lattes and pastries surrounded by screens with real-time cryptocurrency price quotes and a

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