As Hyperinflation Becomes The Norm, Argentinians Place Their Trust In Crypto
Despite a bitter crypto winter in 2022, digital asset adoption continues to take off across Central and especially South America as hyperinflation and various challenges from the COVID-19 pandemic accelerated general digital adoption. Within South America, Brazil ranks as one of the hottest global markets for Web3 projects. In addition, Colombia’s new president, Gustavo Petro, explained in 2021 how “virtual currency is pure information and therefore energy.” Amid massive hyperinflation and economic turmoil, Venezuelans, toiling under an oppressive government, have been turning to digital assets like Bitcoin as a fiat alternative. Even the government itself is trying to get involved. The nation’s government-invented ‘Petro’ (PTR) cryptocurrency