Cryptocurrency Popular in Argentina – STL.News

Posted on December 22, 2021Comments Off on Cryptocurrency Popular in Argentina – STL.News

Cryptocurrency gains popularity in Argentina amid economic crisis

ARGENTINA (STL.News) Argentina is in the middle of negotiations with the International Monetary Fund to restructure $44bn it owes to the global fund.

Meanwhile, cryptocurrencies have become a way for people in Argentina to protect themselves from endless economic crises that include inflation, devaluation, and now capital controls.

Cryptocurrency mining is energy-intensive, but compared with other countries in the region, Argentina has relatively low energy costs, and mining farms are popping up all around Buenos Aires.

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SOURCE: Al Jazeera News via YouTube

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