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Cryptocurrency gains popularity in Argentina amid economic crisis

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Argentina is in the middle of negotiations with the International Monetary Fund to restructure $44bn it owes to the global fund.
Meanwhile, cryptocurrencies have become a way for people in Argentina to protect themselves from endless economic crises that include inflation, devaluation and now capital controls.
Cryptocurrency mining is energy intensive, but compared with other countries in the region, Argentina has relatively low energy costs, and mining farms are popping up all around Buenos Aires.

Al Jazeera’s Teresa Bo reports from Buenos Aires.

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#Argentina #ArgentinaEconomicCrisis #Bitcoin
Category
World
Tags
Argentina, IMF, International Monetary Fund
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