In Argentina, According to an article by the state news agency Télam, The number of users who have bought cryptocurrencies has increased by 300% in 2020 to preserve the value of their money or as an investment. And the number is even expected to keep increasing.
In this sense in the publication They quoted Maximiliano Hinz, Binance’s director of operations for Latin America, as saying, “Until 2019, buying cryptocurrencies was a way of investing for people who have a lot of money or come from the technological world. That broke last year when we did that saw. ” More and more people emigrated to the crypto world. “
Another one mentioned by Telam was Magdiela Rivas, LATAM business consultant at Paxful, stated, “The main interest in Argentina is in stable currencies as they allow unlimited digital dollarization.”
The Télam publication also highlighted: “The calculation they make on the crypto market is that about eight out of ten Argentines who buy cryptocurrencies choose those that are considered stable rather than those that vary in price Supply and demand varies, like Bitcoin or others. “
Pay attention to the Argentine ecosystem
Recently, Cointelegraph en Español reported on some keys shared by Andrés Ondarra, Bitso’s Country Manager for Argentina, to assess the size of the crypto ecosystem in Argentina and the importance of paying attention to what is to come in 2021.
Ondarra pointed out:
- Greater crypto adoption
- Greater financial inclusion
- More financial protection against inflation
- Competitive and outstanding Argentine talent
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