top of page

Cryptoverse: Digital coins lure inflation-weary Argentines and Turks

Turkey and Argentina are the world's largest adopters of cryptocurrencies due to soaring prices and plunging local currencies amid high inflation. Ownership of digital currencies in Turkey was the highest in the world at 27.1% followed by Argentina at 23.5% - well above the global crypto ownership rate estimated at 11.9%, according to data from research firm GWI. Turkey's annual inflation was 50.51% in March, and Argentina's was even higher at 104%. The lira and peso have been plummeting and are at record lows. Argentina's peso trades at around 464 per dollar in the black market, more than double the official exchange of 222.

Check out the hashd app. It gives you important crypto news and updates in short, simple and easy to read slides. Amazing!


bottom of page