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Given further restrictions on buying dollars, SatoshiTango offers alternatives in Argentina

May 27, 2020

Argentina continues to tighten restrictions on foreign currency purchases. It is no small fact when you consider that this country has one of the highest inflation rates in the world, so the national currency, the peso, is constantly losing value. In this context SatoshiTango issued a statement asking you to use some alternatives.

“Don’t let the MEP dollar and CCL stocks catch you: switch to the digital dollar now,” was one of the invitations the company sent to users.

It should be noted that MEPs and CCLs are two of the dollar quotes in Argentina.

Given further restrictions on buying dollars, SatoshiTango offers alternatives in Argentina
Given further restrictions on buying dollars, SatoshiTango offers alternatives in Argentina

MEP means “electronic payments market”. This quote is also known as the “dollar rate”. It is obtained by buying a bond that is listed in pesos but is convertible into the same bond that is listed in dollars and could be sold in hard currency.

On the other hand, CCL is the abbreviation for “Cash with Liquidation” or “Cash with Liqui”. It is a tool that can be used to exchange pesos for dollars abroad.

As the government increasingly restricted the purchase of US dollars, they invited the citizens of SatoshiTango to look for alternatives. One of them is the stablecoin DAI.

“I have invested in the digital dollar: the Dai or Digital Dollar is a cryptocurrency that is linked to the value of the US dollar. You can exchange the Dai for an equivalent in US dollars at any time.”, they indicated the signing.

Valorization

“We help you buy crypto by using five times your original investment. You never get into debt with us and decide when to go, ”says the statement. They said that margin trading can increase your income.

“History shows that cryptocurrencies tend to grow in value, and today, as world markets collapse, cryptocurrencies are increasing,” they concluded.

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