Posttle Immutableledger
Cryptocurrency as an alternative to currency in hyperinflation
- Author: Vários
- Narrator: Vários
- Publisher: Podcast
- More information
Informações:
Synopsis
Argentina’s inflation rate reached 47 percent in 2018. As an alternative, cryptocurrency is being used for cross-border payments and remittances. In fact, Paraguay bought pesticides and fuming products from Argentina worth $7100, and settled the payment in Bitcoin. They hired a company named Bitex to facilitate and complete the transaction.