The appeal of bitcoin is greater in regions where financial hardship is commonplace. Both Venezuela and Argentina show an increasing demand for BTC as the year draws to a close.
It is a well-known fact how Latin American countries struggle financially.
Those problems are more apparent in Venezuela and Argentina compared to other regions.
After years of increasing inflation, local residents are looking for alternatives.
While bitcoin is not the most popular option, its trading volume is on the rise.
Especially where LocalBitcoins is concerned, current statistics look very impressive.
A massive increase in P2P trading volume has been noted in both regions.
Venezuela remains well ahead of Argentina in this department.
Considering how these spikes took place near Christmas, one has to wonder why this happens now.
Both regions have noted a steady increase in LocalBitcoins volume throughout 2019.
Keeping that in mind, these increases in trading volume were only a matter of time.
In Argentina, things have gotten very dire from a financial perspective.
The same goes for Venezuela, where the domestic Petro cryptocurrency is not gaining any traction whatsoever.
It seems likely to assume that more and more users will flock to bitcoin as a result.
In turn, that should lead to further increases in weekly P2P trading volume.
Velocity Ticket is trying to fix a major gap in businesses, and the approach it…
Axelar is moving fast to contain damage after identifying a security incident that has resulted…
suiUSDe now has a dedicated landing page. The token, officially the eSui Dollar, comes out…
Ventuals has fully wound down its HIP-3 DEX, and vHYPE withdrawals are now open. The…
Avalanche has launched the Avalanche Payments Collective, bringing together 28 organizations spanning nearly every layer…
A wallet tracked as 0x5f91 just opened a fresh 5x leveraged long on ASTER, putting…