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Argentina and Bitcoin: A Perfect Match?

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Argentina Works to Obtain BTC

Jeronimo Ferrer doesn’t want anything like that happening again – not to him or any member of his family or community. As a result, he’s been running a walking tour he calls “Our Local Crazy Economy and Bitcoin Tour of Buenos Aires” since 2019. This tour is designed to help visitors understand the financial restrictions being faced by Argentina and the limits on foreign transactions.It also helps them understand the role that bitcoin has been playing in the country for quite some time. He commented in an interview that the peso – the national currency of Argentina – has long been suffering from inflation and other economic hiccups, and that tools like bitcoin make it easy for individuals to retain their financial strength.

Argentina is not the first Latin American nation seeking to relieve itself from traditional financial and economic tools. El Salvador was the first country to declare bitcoin legal tender, which it did last September. Now, anyone seeking to purchase goods or services with BTC may do so, and stores and companies throughout the region are required by law to accept the digital currency from customers.El Salvador has accepted bitcoin into its heart out of a strong desire to wean itself off the U.S. dollar, which the country has long been dependent on. As inflation continues to rise in the United States, El Salvador is allegedly reaping plenty of BTC-based rewards right about now.


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