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Topic: Bitcoin set to take on Argentina's peso, new exchange launches in Latin America (Read 842 times)

CryptoCurrencyInc.com (OP)

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Bitcoin set to take on Argentina's peso, new exchange launches in Latin America

June 03, 2014, 05:12:29 AM

#1

Bitcoin set to take on Argentina's peso as new exchange launches in Latin America
http://www.cityam.com/blog/1401705864/bitcoin-set-take-argentinas-peso-new-exchange-launches-latin-america

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Ron~Popeil

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Re: Bitcoin set to take on Argentina's peso, new exchange launches in Latin America

June 03, 2014, 05:16:26 AM

#2

That could be a big deal. Argentina's government is a poster child for currency manipulation.

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adamselene

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Re: Bitcoin set to take on Argentina's peso, new exchange launches in Latin America

June 03, 2014, 05:22:16 AM

#3

Argentina needs this, but being a centralized service, won't it be super simple to just close them down if Buenos Aires really begins to feel threatened?

Ron~Popeil

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Re: Bitcoin set to take on Argentina's peso, new exchange launches in Latin America

June 03, 2014, 05:49:04 AM

#4

Quote from: adamselene on June 03, 2014, 05:22:16 AM

Argentina needs this, but being a centralized service, won't it be super simple to just close them down if Buenos Aires really begins to feel threatened?

There will likely be a few more more coming on line as well. Hopefully it saturates the market so fast there that they won't have time to react before the genie is out of the bottle.

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mkc

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Re: Bitcoin set to take on Argentina's peso, new exchange launches in Latin America

June 03, 2014, 06:11:57 AM

#5

Will Argentina be the first country to use bitcoin as "national" currency? I mean, everybody there use bitcoin.

Ron~Popeil

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Re: Bitcoin set to take on Argentina's peso, new exchange launches in Latin America

June 03, 2014, 06:40:48 AM

#6

Quote from: mkc on June 03, 2014, 06:11:57 AM

Will Argentina be the first country to use bitcoin as "national" currency? I mean, everybody there use bitcoin.

It is all ready pretty popular there. I doubt their government gives up easily. Governments never willingly give up power.

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SatshiFan

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Re: Bitcoin set to take on Argentina's peso, new exchange launches in Latin America

June 03, 2014, 07:07:21 AM

#7

This will end ugly.

bryant.coleman

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Re: Bitcoin set to take on Argentina's peso, new exchange launches in Latin America

June 03, 2014, 07:13:39 AM

#8

The Argentine Peso is not even a serious rival for Bitcoin. Just compare the two currencies.

Here is the Argentine Peso, vs the US Dollar:

And here is Bitcoin, vs US Dollar:

TrailingComet

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Re: Bitcoin set to take on Argentina's peso, new exchange launches in Latin America

June 03, 2014, 07:17:25 AM

#9

Fantastic initiative, hope it takes off in a sensible way
Buenos Aires already largest btc acceptor per capita globally
This might just be what it takes to trigger mass adoption

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Ron~Popeil

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Re: Bitcoin set to take on Argentina's peso, new exchange launches in Latin America

June 03, 2014, 07:17:42 AM

#10

Quote from: bryant.coleman on June 03, 2014, 07:13:39 AM

The Argentine Peso is not even a serious rival for Bitcoin. Just compare the two currencies.

Here is the Argentine Peso, vs the US Dollar:

And here is Bitcoin, vs US Dollar:

It is kind of a no brainer for them. I hope it really takes off there and allows them to accumulate real wealth.

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bryant.coleman

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Re: Bitcoin set to take on Argentina's peso, new exchange launches in Latin America

June 03, 2014, 08:26:11 AM

#11

Quote from: Ron~Popeil on June 03, 2014, 07:17:42 AM

It is kind of a no brainer for them. I hope it really takes off there and allows them to accumulate real wealth.

It is a no-brainer, but it will face a lot of opposition from the federal government, as any such mass adoption of Bitcoin will further push down the value of the Argentine Peso.

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