The 276% inflation rate in Argentina greatly promotes the local adoption of cryptocurrency
BlockBeats reports that on July 9, with the local inflation rate soaring, Argentina's cryptocurrency adoption rate set a record in the Americas. Analysts say that Argentina has always been ahead of the Western Hemisphere in terms of cryptocurrency adoption, with an annual inflation rate as high as 276%.
A Forbes analyst said in an article on July 8 that Argentina's cryptocurrency adoption rate is higher than any other country in the Western Hemisphere in terms of global population. The report cites website data from Similarweb, stating that out of 130 million visitors to the world's top 55 exchanges, there are 2.5 million people from Argentina.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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