Argentina Leads Latin America With $91 Billion Crypto Inflows – Details

Quick Summary:

With over $90 billion worth in crypto inflows, Argentina has been declared Latin America’s leading market for cryptocurrency, dethroning Brazil.

The growing instability and unpredictability in the economy as well as inflation has forced people of the country to explore the decentralized world of crypto, immediately making them key players in their region.

The allure of cryptocurrency was great in the country, with cryptocurrencies such as Bitcoin offering more stable value and worth compared to the rapidly declining local currency.

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Article Details

Author / Journalist: Christian Encila

Category: Crypto

Markets: HungaryArgentinaBrazil

Topics: Crypto Crypto News Inflows Digital currency Blockchain

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-11 @ 21:30:02 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 515 words

Reading Time: 3 minutes read

Sentences: 29 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 23001676

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 14 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 9 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #105

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