[2015-07-20] Bitcoins in Buenos Aires – Revolution at the Grassroots ∙ IHB News™

[anirgu]

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[aso118]

96% literacy.
69% internet consumption.

Combine that with high inflation, capital controls and a significant portion of GDP contributed by tourism (i.e. foreign currency). You have got a recipe for success of Bitcoin. 

[anirgu]

Agreed. I only wish India would catch on soon.

[cr1776]

96% literacy.
69% internet consumption.

Combine that with high inflation, capital controls and a significant portion of GDP contributed by tourism (i.e. foreign currency). You have got a recipe for success of Bitcoin. 

For sure. Anyone facing a devaluing currency should diversify. And Bitcoin is one good option. They should be doing it before capital controls are in place, of course, but better late than never.