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Author Topic: How can we sell Bitcoins to Argentina?  (Read 2343 times)
Siegfried
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May 12, 2014, 01:33:37 PM
 #21

It sounds like Bitcoins would have to be taken into the country physically and exchanged by trading.
The person taking in the BTC would end up with a load of Pesos though, which probably isn't what they would want.  It sounds difficult to arrange getting Bitcoins into an already closed system.

People should travel to Argentina to spend their Bitcoin to have a good time.
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May 12, 2014, 03:54:42 PM
 #22

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The fellow I met through localbitcoins.com has traveled to Argentina a few times and told me there is fast growing interest there among many people for Bitcoin.  And I have read as well what a couple of above posters have noted:

A large premium for BTC there vs. BTC price here in the USA.  The BTC premium is as much as for cash dollars.

Yes, it does look like one could travel to Argentina and eat great steak and drink fine wine and perhaps even pay for the trip by bringing along BTC.

***

I do not know how to make this a commercial idea however.  The products I deal in (bearings for cars) are not made (for the most part) in Argentina, and I am not in a position to judge the ideas of above posters.

But, there is likely money to be made, and help to the Argentine economy as a whole, if people can find a way to give Argentines more financial security (holding BTC) while getting Argentine products at a good price.  And this would help to subvert the onerous and unfair capital controls imposed by the increasingly authoritarian government there. 

And, perhaps BTC's greatest and highest use is to give people there the freedom to use their own capital as they see fit.
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