Crypto is Booming in Economically Challenged Argentina

With a currency that has devalued from $.02 to $.006 in 18 months, crypto usage in Argentina is exploding.
 
A reminder that billions of people around the world live in countries with unstable currencies and unrelenting central bank printing of money….crypto assets (such as the Ethereum-based stablecoin DAI) provide an attractive alternative, and that stimulates growth everywhere.
At the start of 2020, Ripio, one of Argentina’s largest crypto exchanges, had around 400,000 users.
It’s finishing the year with 1 million. 
Merry Christmas.
Jeremy
Co-Chief Investment Officer, Crypto Futura Fund
Click here for the Crypto Futura Fund Investor Overview