Argentina’s currency troubles have been well documented for years. With inflation between 10 and 11% per year for most of the past decade, Argentinians have actively looked to subvert the country’s strict capital controls and obtain alternative stores of value. Historically, that has meant underground dealing in USD and EUR, but more recently has led to interest in the largely-unregulated world of bitcoin. BitPagos, a Latin American payment processing company in the latest class of the Boost.vc Accelerator, is capitalizing on that interest by adding bitcoin to their processing options. Argentinian interest in bitcoin is a natural evolution for much …

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The rate of global bitcoin adoption has slowed dramatically since peaking in April, but a number of standout locales are bucking the trend and seeing surges of enthusiasm. We noted China’s massive increase in adoption early last month, but a new outlier has since arisen: Argentina. Between June and July, the South American nation’s share of global bitcoin downloads more than doubled from just over 1% to nearly 3%. In fact, of the countries ranking in the top 50 most bitcoin client downloads in June, Argentina is the only one to increase its rate of download so far this month. …

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