The perfect use case for Crypto is currently in Argentina

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The Scoop Season 5 Episode 40 was recorded with Frank Chaparro, Christiana Sciaudone and Nathan Crooks of The Block.

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Although Argentina struggles with an annual inflation rate of more than 100% and undergoes strict capital controls, many citizens still choose to exchange currencies through illicit “cuevas” and keep wads of nearly worthless cash, rather than enjoying the potential benefits of cryptocurrencies.

In this episode, The Block’s Nathan Crooks breaks down his research into why crypto adoption in Argentina isn’t more widespread, and The Block’s editor and Argentine resident Christiana Sciaudone shares his insight. local on the Argentine monetary crisis.

During this episode, Chaparro, Crooks and Sciaudone also discuss:

Why Argentina has multiple exchange rates for the US dollar How locals think of different cryptocurrencies Building crypto businesses in Argentina

This episode is brought to you by our sponsors Circle and CleanSpark.

About the Circle

Circle is a global financial technology company that helps money move at the speed of the internet. Our mission is to increase global economic prosperity through the frictionless exchange of value. Visit circle.com/Scoop to learn more.

About CleanSpark

CleanSpark (NASDAQ: CLSK) is Americas Bitcoin Miner. Visit cleanspark.com/theblock to learn more about the CleanSpark method.

2023 The Block Crypto, Inc. All rights reserved. This article is provided for informational purposes only. It is not offered or intended for use as legal, tax, investment, financial or other advice.

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