Venezuela and Argentina Are Buying the Dip, New Data Shows

If you look at the latest activity on Localbitcoins, there has been a large spike in recent days from both Argentina and Venezuela buying bitcoins. Both these troubled Latin American countries have displayed a steady increase in buying cryptocurrency due to rising inflation and troubled economies. But is the sudden uptick evidence of the two […]

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Emerging Markets Create Illusion of Bitcoin as a Global Currency

Many investors hoped Bitcoin’s price would rally as pressure increases on emerging market currencies like the Turkish Lira. Instead, Bitcoin is following the downward trend of these currencies. Economist Panos Mourdoukoutas, writing for Forbes, describes the prospect of Bitcoin replacing national currencies as a myth. Bitcoin Following Trend Set by Turkey and Argentina Mourdoukoutas believes that […]

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Argentina: Bank Ditches SWIFT For Bitcoin In World Payments First

Wilma Woo · May 22, 2018 · 12:00 pm A bank in Argentina could soon become the first in the world to begin using Bitcoin for customers’ international remittances. Service Highlights ‘No Intermediaries’ The initiative, which Banco Masventas (BMV) launched May 22nd, is the result of a partnership with local blockchain financial services startup Bitex. […]

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