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Well I have plenty of friends in Argentina, and Ethereum is helping them live through hyperinflation. Their currency is plunging, their banking system is corru
by dmihal 6y ago
Well I have plenty of friends in Argentina, and Ethereum is helping them live through hyperinflation.
Their currency is plunging, their banking system is corrupt, so these are their options:
1. Trade Pesos for USD on black market exchanges. Hide cash in safes & under mattresses
2. Purchase Dai or other stablecoins. Keep money in multi-signature vaults, earning interest through lending protocols.
Plus, cryptocurrencies allow many of them to work for foreign companies and get paid directly in stablecoins.
- endori97 6y agoUSD isn't that great because there's so much counterfeiting