[2014-05-02] Bitcoin Gives Hope to Argentineans

[aliceHortrex]

http://cointelegraph.com/post/bitcoin_gives_hope_to_argentineans#.U2O0LPl_tqU

Bitcoin’s rapidly growing popularity in countries south of the US is showing signs of revolutionizing the way Argentinians perform transactions on the local level.
Argentina has been plagued by high inflation and has for many years seemed to lurch from one financial crisis to the next. Independent economists currently place inflation at around 25%, a figure that the government has denied.

[Bit_Happy]

"Now, however, Bitcoin is making major inroads in Argentina, with Buenos Aires sporting the highest number of BTC-accepting locations on the American continent, even more than New York, reports medium.com."

Rapid South American BTC adoption is great news.
Just in time for the 2016 Olympics in Rio.

[kelle]

Argentineans know Bitcoin is the next gold mine.

[bryant.coleman]

Nice to see the Argentine government and citizens support Bitcoin, unlike some other countries. With inflation in double digits, Bitcoin has the potential to get wildly popular among the Argentines.

[Bit_Happy]

Nice to see the Argentine government and citizens support Bitcoin, unlike some other countries. With inflation in double digits, Bitcoin has the potential to get wildly popular among the Argentines.

It will be fun to watch and see which country is first to have widespread, everyday BTC usage.
Somewhere in Africa or South America?  ...or a surprise?

[Sithara007]

It will be fun to watch and see which country is first to have widespread, everyday BTC usage.
Somewhere in Africa or South America?  ...or a surprise?

May be a place where most of the population has smartphones and other Bitcoin carrying devices.... So may be South America.

[bryant.coleman]

May be a place where most of the population has smartphones and other Bitcoin carrying devices.... So may be South America.

Large number of people own smartphones right now in every nook and corner of the world. And that includes the continent of Africa. There will be millions of smartphone owners there.

[marcus_of_augustus]

I'm looking forward to the day i can travel to Argentina for a beautiful holiday filled with steaks, red wine and rugby ... all on btc of course

[zeetubes]

I'm looking forward to the day i can travel to Argentina for a beautiful holiday filled with steaks, red wine and rugby ... all on btc of course

I went there a few years ago. If you're into all night parties (I'm not), all the high society Argentinians and Brazilians head down to Punta Del Este in Uruguay for December to February. From March onwards, PDE is dead and the rents go down 90% in price. Brush up on your spanish before you go but well worth a trip. Only weird thing is that the steaks tasted different because they don't have all the additives that US meat does. Which is a good thing but you have to get used to the new taste.