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Bitcoin Cash Argentina

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Avatar for Pantera
Written by   380
2 months ago

I have been covering lately a lot of locations where Bitcoin Cash is gaining in adoption levels and increasing userbase. More than often places where the national currency is failing merchants and consumers need an alternative to fiat.

Argentina has a long history of high inflation and an economic crisis that started at the beginning of the century and it still hasn't been resolved. Moreover, the IMF and international lenders, as well as domestic mismanagement of funds by various governments, have not helped in creating a viable plan for economic improvement.

Source: TradingEconomics

In 2020 inflation levels dropped below 40% but inflation is once again on the rise since the beginning of 2021, reaching 42.6% for the month of March.

Under these conditions, the Argentine peso is more volatile than cryptocurrencies, and the problem is that like any other fiat it is only losing value, but faster than most of the rest. When compared to the Euro, the Argentine Peso has lost 90% of its value in the last 20 years.

Argentina is in grave danger of entering hyperinflation levels that could result in a new financial crisis for the country.

Within this situation, it is rational for Argentinians to turn in alternative payment networks and try to offload the fiat currency for investments in cryptocurrency.

Argentina is traditionally a country that has very high volumes in Bitcoin purchases, as I remember observing at LocalBitcoins volume charts.

The BTC version of Bitcoin failed everyone and it wasn't going to be the digital currency that could help the population of Argentina.

Lately, we've seen a surge in Bitcoin Cash merchant onboarding activity, and an increase in user base. And we have to thank the team @BitcoinCashArgentina for this.

We are a group of people in Buenos Aires, Argentina, who just six months ago got together with the purpose of seriously pursuing our goal of carrying out a Project based on three Key Pillars: providing precise information on Bitcoin Cash, organizing a qualified Users' Support scheme, and promoting and growing the use of this cryptocurrency in Argentina, a country that is once again being hard hit by inflation.

-Bitcoin Cash Argentina

BitcoinCash Argentina is a team dedicated to increase Bitcoin Cash adoption in the country. It has already done a lot with merchant adoption in a few months and we can find currently 45 businesses accepting Bitcoin Cash in the country.

Source: Flipstarter

Bitcoin Cash Argentina is now running a flipstarter campaign aiming to boost adoption in the country.

THE SITUATION IN ARGENTINA, AND THE DIFFICULTIES AND BARRIERS TO BE OVERCOME:

  • Currency exchange controls presently in force, make it impossible to use platforms like GoCrypto.

  • We helped bitcoin.com to provide updated BCH-Argentine Peso exchange rates, based on the respective market value (and not the official rates). This used to be a barrier to local Bitcoin use.

  • Because of currency exchange controls, businesses accept BCH directly but not via POS. They only use the Bitcoin Cash Register App, or the printed QR of their address.

Source: Bitcoin Cash Argentina Flipstarter

The team is very organized and activities contain Bitcoin Cash audiovisual material and leaflets, seminars, frequent meetups and events, Social Media activities, and lotteries.

The flipstarter campaign has been running for 24 hours and will expire in 13 days. Some of the top contributors @majamalu @RogerVer and @Read.Cash .

Important Notice

@MarcDeMesel also chipped in with more than 10BCH and the funding goal for the project is very close to being achieved!

Marc is always extremely supportive of projects and initiatives that help the Bitcoin Cash ecosystem. With his strong support for read.cash, noise.cash, and various Bitcoin Cash websites and Flipstarters he is a shining example and a top Bitcoin Cash evangelist.

*Thanks for the attention to my post, and the recent tips!

Considering adoption levels during a time when cryptocurrencies are mainstream again, Bitcoin Cash has been performing and results will be obvious soon enough. All this adoption will be beneficial for the long-term strategy.

Bitcoin Cash Argentina, as other initiatives around the world, it is focused on spreading the message, that Bitcoin should be used as cash, and increasing knowledge about its features and potential.

It is important to recognize legitimate initiatives and people that strive for the common goal of introducing Bitcoin Cash to the public and increasing merchant adoption.

Important links:

Lead Image Source: LonelyPlanet

My previous posts on the regional adoption of Bitcoin Cash:

Currently active on:

Thanks to my top-3 sponsors:

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$ 10.00 from @majamalu
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Avatar for Pantera
Written by   380
2 months ago
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Comments

I am happy to see the Argentine community on read cash I am sorry that the people of agrentina I like it

$ 0.00
2 months ago

I am happy to see the Argentine community on read.cash I am sorry that the people of Argentina live poorly. The country where the Argentine tango was born can not live as it is now. If the country's economy does not work, the unemployment rate is high, enterprises and industry produce nothing, the prices of products, goods and services are growing exponentially, and the income of the population is falling, this shows that the president of the country completely cannot cope with his duties. And it is right that the population is looking for alternative ways to save and earn income in the crypto industry.

$ 0.00
2 months ago

Awesome! Write up In pakistan, crypto is illegal and government willfully bans it. But many of the people and investors do not seem as illegal and they invest in Bitcoin cash and bitcoin. Govt. Wants that crypto will illegal now but some people fight against this and they want that crypto to become legal everywhere and I hope so it will legal in our country. We want our freedom and everyone have the rights that they live freely and live according to his will...

Btw.. No doubt, @marcdemesel is a great and generous man and always supportive for the BCH community... Thanks sir for your supportive nature.😊🤗

$ 0.01
2 months ago

BCH will soon bloom more. Continue raising awareness about it ❤️

$ 0.00
2 months ago

Same is happening in my country.Pakistan inflation rate is increasing every month.BUt here govt is stubborn to ban Crypto.Actually people are investor in Bitcoin and many one are in BCH.When it become legit in Pakistan we are hopeful we get rid of IMF.I say IMF economic stopper.Like Argentina hope so Pakistan will procure the right of Freedom of money soon.

$ 0.05
2 months ago

I congratulate you on the series of articles that you are developing on the adoption of Bitcoin.

Yes indeed, what you say is notorious, even on Twitter. The growth of Bitcoin Cash in Argentina is encouraging for the American subcontinent.

$ 0.05
2 months ago

I think that we are at the very early stages of something really exciting. It was like that with Bitcoin until 2014-2015. In a couple of years, adoption will be explosive.

$ 0.01
2 months ago

I think that we are at the very early stages of something really exciting. It was like that with Bitcoin until 2014-2015. In a couple of years, adoption will be explosive.

Hi, my friend.

I love your optimism focused on logical analysis. I also believe that what you say will happen.

$ 0.01
2 months ago

Amazing article!!!

$ 0.00
2 months ago

Thanks! I was hoping to describe your cause as best as possible! I'm glad you liked it! Keep up the good work guys!

$ 0.50
2 months ago

Thank you very much for your support and helping us spread the word about the work we are doing in our country.

$ 0.01
2 months ago