Next on our tour through Latin America: Argentina.
Internationally recognized for its diverse geography, travel and tourism make up a considerable amount to Argentina’s national economy.
The arrival of cryptocurrency has offered an option for financial freedom and a safeguard against market volatility as the region faces structural inflation. It’s estimated around 17% of Argentine citizens use cryptocurrencies.
In this series segment, we visit shops that have adopted cryptocurrency as a means of payment and tour the city of Buenos Aires in search of new cryptocurrency ATMs.
A safe haven of value
Local clothing brand RENEÉ was one of the first brands in Buenos Aires to accept cryptocurrency as a form of payment.
With the slogan “In bitcoin we trust,” the brand encourages its community to join the crypto trend and try out this new payment method.
RENEÉ social network and payment system. Credit: Instagram
The rise of cryptocurrency ATMs
The first cryptocurrency ATM was installed inside a Walmart supermarket located in Villa Pueyrredón, Buenos Aires. The network had since quickly expanded with twelve crypto ATMs located across Buenos Aires, Santa Fe, Córdoba, and Mendoza, Argentina.
Bitcoin ATM in the Paseo la Plaza car park — Av. Corrientes 1660, City of Buenos Aires
Credit: Laura Foti
New ways of enjoying sport
As the excitement around NFTs grows, local sports stars are capitalizing on the technology’s potential. For example, Argentine footballer Leo Messi…