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Well technically if you're a bitcoin merchant you can just as easily convert to USD or any other currency that is more stable than the Argentine peso.
by jbondeson 12y ago
Well technically if you're a bitcoin merchant you can just as easily convert to USD or any other currency that is more stable than the Argentine peso.
- natrius 12y agoHow? Few Argentines have USD bank accounts, so there's no electronic market where they can sell bitcoins for dollars. They can buy dollar bills with bitcoins on the street, but that's not really scalable.
- dublinben 12y agoIf you have assets in BTC, you can easily cash them out for USD into an American bank account. Setting up a holding company in Delaware is cheap and easy.