Why are Argentinians using Crypto Instead of the Peso?
In 2018, Argentina’s peso currency has fallen by 51.85 percent over the U.S dollar. Here was the issue, the lower middle class, and the middle class is getting poorer, and poorer day by day, and there was no sign of improvement in the inflation of the peso. Despite the current economical crisis, the value of Argentina’s currency declining unimaginably, and the population is hugely adopting Bitcoin and all other cryptocurrencies to balance the financial impact. Particularly, blockchain technology keeps developing at a steady pace in Argentina, based on the latest survey report, Cryptocurrency is now widely used throughout Argentina. According to the famous mathematician, and economist, D.H. Taylor, most Argentinians have recognized cryptocurrency is better and more consistently valuable than their peso. Argentinians are switching in huge numbers from their peso to a more steady and valuable currency like BTC (Bitcoin). The numbers being observed by the BTC markets are growing from Argen