04 Apr '15, 11pm

Bitcoin Will Transform Argentina - CoinBuzz

Argentine citizens have never really had a stable national currency: a never-ending drama of repeating hyper-inflationary episodes has gradually eroded any last vestiges of faith Argentinians ever had or ever will have in the peso. It is unfortunate that the people of Argentina have been subject to such a brutal currency regime, but this environment has set the stage for a potential digital currency revolution. Bitcoin awareness and adoption in Argentina are nowhere near what they are the United States and China, but there is a rapidly growing community of bitcoin companies and users. According to figures displayed on Coinmap , the capital city of Buenos Aires is home to over 100 cryptocurrency-based businesses. The authorities in Argentina have created many obstacles for ordinary citizens who wish to transact in US dollars and foreign currencies. Banks in Argentina requir...

Full article: http://www.coinbuzz.com/2015/04/04/bitcoin-will-transform...

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