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Cryptocurrencies Prove a Lifeline in Argentina’s Chaotic Economy

  • Number of companies paying wages in digital money soars 340%
  • Crypto payments are cheaper and faster, exchanges say
A bus with an advertisement for the Buenbit cryptocurrency exchange in Buenos Aires.
A bus with an advertisement for the Buenbit cryptocurrency exchange in Buenos Aires.Photographer: Sarah Pabst/Bloomberg
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Sports stadiums, buses and highway billboards across Argentina are plastered with adverts for cryptocurrency exchanges, as the nation’s economic instability fuels one of the world’s biggest booms in digital money. 

TV and radio hosts talk about investment options in digital coins, and a crypto exchange is currently one of the sponsors of the nation’s biggest soccer cup.