Bitcoin a Refuge For Argentines Tired of Government’s Currency Despotism

“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

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