Bitcoin gains ground in Argentina and Venezuela
This week both countries broke record in the volume of digital currency transactions at LocalBitcoin
Argentina and Venezuela have been the two countries with the most transactions made in local currencies at the startup LocalBitcoin, breaking the record so far this week, as reported on the DiarioBitcoin news portal.
In the specific case of Argentina, there was a significant increase in the volume of bitcoins purchased. According to analysts, it is due to the economic catalysts presented by both countries.
The financial sector that lives in both countries has made bitcoin gain ground, as an alternative currency, as well as a store of value. The consecutive increase figures have been reflected in an indicator called “Bitcoin dollar”, which provides an approximate price of the dollar based on the price of bitcoin in local markets.
Argentina achieves 40% increase
During the week of May 9, 2020, the southern country managed to reach a total of 69.12 million Argentine pesos (ARS), which is equivalent to about US $ 970,000.
Currently, the amounts exchanged from Argentine pesos for bitcoins in LocalBitcoin have reached a total of 101.45 million Argentine pesos, equivalent to US $ 1.4 million, on the week of July 4, representing 40% of the record. reached in May.
K.Villarroel
Source: Diariobitcoin
