3 ms·
The issue is relying on a foreign currency, one which the official exchange rate is like 50% marked up from its real black market value, which is how the econom
by pibechorro 5y ago
The issue is relying on a foreign currency, one which the official exchange rate is like 50% marked up from its real black market value, which is how the economy reaaaally works there. I worry for Argentines (I am one), because the usd is having the same problems the peso has every 7 years, its being printed into inflation oblivion.
I would be buying that canned tuna, and also using bitcoin, etc like the surging numbers of people are, because escaping one fiat submarine for another fiat sinking ship is not something I could sleep well with. Besides, the politicians down there are nuts and could easily make holding dollars totally illegal, infact they already do with strict capital controls, withdrawal limits, etc. Its a cash economy.
- cryptoquick 5y agoIf you're interested in saving in Bitcoín, Strike recently expanded to supporting Argentina, and they have low fees.