“Bitcoin’s popularity in the U.S. is gradually rising as it branches out from tech-savvy and libertarian circles into the mainstream financial world. But who may benefit most from the technology are residents in countries like Argentina, where independent observers estimate inflation at 25 percent and the government imposes strict capital controls. The price of Bitcoins in Buenos Aires are about 30 to 40 percent higher than those in neighboring Uruguay, and last week, a Bitcoin Meetup brought 150 Argentines to the nation’s capital to discuss the advance of the technology in the country.”
http://reason.com/blog/2013/07/11/bitcoin-a-refuge-for-argentines-tired-of
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Entire School District Shuts Down — Out of Money
Gold Producer Write-Downs: Death Sentence or Opportunity?
Bernanke Is Getting Killed in the Bond Market
Pot Legalization Draws Majority Support Nationwide
FBI Releases Information on Michael Hastings
Sweden moves closer to a cashless society with new business registry
Now It's The Netherlands's Turn
Poll: Americans Would Cut Middle East War Spending First
The Nightmare Ahead: 19 US Cities Have More Public Workers per Resident than Detroit
Jeff Sessions Faces Tough Cannabis Questions—From His Own Interns
Crisis Investing in Cyprus
Would you like being paid in gold? It’s possible… in Singapore
Huge Solar Drone Could Fly, Conduct Surveillance For Five Years
NC lawmaker: Women should ‘duct tape’ nipples to stay out of jail
New Hong Kong Bitcoin Exchange Welcomes Mainland Customers