Tag: argentina cryptocurrency

An Overview of Payment Solutions in Latin America

In the US, most people gloss over payment processing because almost everyone has a credit card, Paypal account, or another simple way to pay. Developers use Stripe and can process in seconds. For consumers, Amazon even created one-click purchasing for some customers and physical buttons that automatically reorder your favorite products. In China, paying is even easier; almost everyone uses Wechat or Alipay to scan QR codes and pay for everything automatically without ever taking out their wallet. Startups have filled almost every niche in the payments industry, providing solutions for any vendor. Need to pay someone for something you […]

Blockchain and Cryptocurrency in Argentina: The Bitcoin Early-Adopter

In the early-2000s, the Argentine economy went through a severe crisis, causing Argentina to default on its foreign debt and place strict controls on currency. While Argentina’s economy quickly recovered over the next few years, the Argentine Peso remains famously unstable, passing through periods of rapid inflation and deflation. Why Are Argentines Bitcoin Early Adopters? As a result of the instability, Argentines became some of the earliest adopters of cryptocurrency in Latin America – and the world – in an effort to protect their savings against inflation. With an inflation rate of 32% per year (or higher) and a restrictive […]