Episode 40 of Season 5 of The Scoop was recorded with The Block's Frank Chaparro, Christiana Sciaudone, and Nathan Crooks.
Despite Argentina grappling with an annual inflation rate surpassing 100% and enduring strict capital controls, many citizens still opt to trade currency via illicit "cuevas" and maintain bundles of near-worthless cash, rather than embracing the potential benefits of cryptocurrencies.
In this episode, The Block's Nathan Crooks breaks down his research into why crypto adoption in Argentina is not more pervasive, and The Block editor and Argentinian resident Christiana Sciaudone shares her local perspective on the Argentinian currency crisis.
During this episode, Chaparro, Crooks, and Sciaudone also discuss:
- Why Argentina has multiple exchange rates for U.S. dollars
- How locals think about different cryptocurrencies
- Crypto businesses building in Argentina
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