Cryptocurrency ATMs Coming to Argentina thanks to Struggling Peso

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At the moment, there are 3,826 cryptocurrency ATMs in 76 countries. However, that number will only rise.  In fact,  we’re likely to see an increase in ATMs in regions with unstable currencies, much like Argentina and its peso. With inflation expected to exceed 40% this year in that region, more Argentines are turning to cryptocurrency, … Continue reading “Cryptocurrency ATMs Coming to Argentina thanks to Struggling Peso”

Currency Crisis: These Countries could find Solution with Cryptocurrency

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Currency crises have gripped a good part of the world. And as that happens, we believe cryptocurrency could take center stage For example, Argentina’s peso is down more than 50% versus the dollar. It’s part of the reason it sought help from the International Monetary Fund. In addition, Turkey has attracted plenty of attention amid weakness … Continue reading “Currency Crisis: These Countries could find Solution with Cryptocurrency”

Emerging Markets: Fear Driving Interest in Cryptocurrency

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Emerging markets have been beaten up in recent months. All thanks to a mix of political instability, a strong U.S. dollar, and trade war fears. Argentina’s peso, Turkey’s lira, and Indonesia’s rupiah have all hit new lows.  And as they have, interest in cryptocurrencies have flourished. Venezuela Crisis Many are turning to cryptocurrencies as a … Continue reading “Emerging Markets: Fear Driving Interest in Cryptocurrency”

Crippled Argentina Economy only Accelerating Bitcoin Adoption

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We’re seeing it happen in far too many places. Argentina is just the tip of the iceberg. Financial crises are destroying economies Argentina for example is struggling, as investors fear Latin America’s third-largest economy will default on debt. The news comes not long after Argentina’s government requested a $50 billion loan from the International Monetary … Continue reading “Crippled Argentina Economy only Accelerating Bitcoin Adoption”

Why Latin America’s Interest in Cryptocurrencies is on the Rise

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Latin America is quickly turning to cryptocurrencies for stability. In Venezuela for example, hyper-inflationary issues have crippled the economy.  As a result, the Dash coin has become popular.  In fact, now more than 200 merchants accept it, including Subway and even Calvin Klein. The region is even seeing thousands of wallets downloads every month. “We … Continue reading “Why Latin America’s Interest in Cryptocurrencies is on the Rise”