everything there is to know about cryptocurrencies in Argentina

everything there is to know about cryptocurrencies in Argentina
everything there is to know about cryptocurrencies in Argentina

“I think what also happened is that the beginning of the global trend of cryptocurrencies, found demand in Argentina through stablecoins (stable coins). A little, to be able to hedge against exposure to a currency like the peso. I think that this has been the main driver of demand for the adoption of cryptocurrencies in Argentina ”, added Alberti.

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“The beginning of the global trend of cryptocurrencies, found in Argentina the demand through stablecoins (stable currencies). A little, to be able to hedge against exposure to a currency like the peso. I think that has been the main one. Demand driver for the adoption of cryptocurrencies in Argentina ”, added Alberti.

Ignacio Petunchi

It has to do with instability and volatility. In Argentina, the average citizen seeks to protect himself from inflation, from restrictions on the dollar. That generated that, being an asset of free availability, that citizens turn to crypto. And they defined using the different options as a reserve or investment good. In many cases, there are returns of up to 13% per year, “said Acosta, who added:” In the case of bitcoin, there is a limited issuance. As there is less availability, it will tend to increase. It has to do with the presumption that its value is going to increase ”.

Meanwhile, the growth in demand also fuels a greater supply and this is how many exchanges or virtual wallets share the ecosystem in the country. “I think it is not for a single factorr. I think without a doubt it is a conjunction of several factors. The demand, of this need to be able to cover in situations such as devaluation or inflation, and that generates the need to seek solutions. From that level of demand, the quantity of supply also increased. Of projects, like Buenbit, which always seeks to develop new products or solutions for citizens. One of the factors is the macroeconomic environment. On the other hand, the factor is technology. La blockchain is an open technology and with the level of education that exists in Argentina, the favorable environment is generated for the constant development of new projects“Explained Alberti, who remarked:” We believe in the convergence between traditional finance and the crypto world. The challenge we have is how to get it down to something simple ”.

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“In the case of bitcoin, there is a limited issuance. As there is less availability, it will tend to increase. It has to do with the presumption that its value is going to increase, ”said Acosta.

Ignacio Petunchi

For its part, Tello He said “Decrypto goes on the market in 2018. The main intention was financial inclusion for our close group, to give it a simple, straightforward tool to buy and sell. Do not create risks when using your money. It is much simpler than opening an account at a bank or a traditional broker. And it allows you to operate in the world, safeguard your money anywhere. Where you travel, you will be able to use your money”.

“The importance of giving this tool to the user, so that be the true owner of your money. With bitcoin, recover that particularity. Whatever happens in the system, you can use it. That was what motivated us to provide tools and solutions to users. So they can buy, sell, transfer and use it as an investment. So that users can take care of their money with future perspectives ”, added Tello.

Ripio was born more than twelve years ago, in order to guarantee access to the crypto economy for all citizens“Acosta said, and detailed:” Ripio has an educational position, we have access points so that users can understand what each denomination means. Ripio’s goal is to democratize and provide access to the crypto economy to all citizens. We have more than 2 million users in different countries. It is to guarantee access and knowledge. We are convinced that first you have to educate and that will ensure that the platform grows ”.

 
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