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IPFS News Link • Argentina

Argentina's Double-Down on Blockchain Could Spark Economic Revival


• President Milei's pro-crypto stance aligns with Argentina's growing adoption.

• Cryptocurrency might be a potential catalyst for Argentina's economic revival.

In Argentina, inflation has severely eroded the value of savings . For instance, if you had saved an amount equivalent to $100,000 in Argentine pesos back in 1995, it would only be worth approximately $310 today.

As of November 2023, the country was grappling with an alarmingly high inflation rate, reported to be around 210%.