Argentina Is Showing Great Appreciation (and Need) for BTC

Bitcoin ATMs Argentina 800x600

Bitcoin may be down for the count today, but it’s still garnering plenty of attention and respect. Regions such as Argentina and Hong Kong, for example, are willing to pay premiums on the top cryptocurrency despite its latest drops, suggesting just how strong and popular it is in developing nations. Argentina Is Becoming a Major Bitcoin Haven While Argentina isn’t quite in the same state as its “continental neighbor to the north” Venezuela, election uncertainty in the nation has caused its national currency, the peso, to drop by more than 30 percent over the past few days. On exchanges such as LocalBitcoins.com, bitcoin was trading for as high as $12,000 in the country of Argentina. This is about ten percent higher than where it stands on most other trading platforms. In Hong Kong, where people are protesting the notions of communism and seeking independence from the mainland Chinese government, bitcoin…

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