Argentina's decades-long economic crises and hyperinflation has a major impact on how Argentine's participate in the economy.
The recent story that's been told about Argentina is that people are adopting stablecoins to protect against inflation and currency devaluation. But that's only part of the story...
The real story involves long-standing distrust of government and the banks, and overbearing taxes that drive Argentinians to the informal economy.
While stablecoin volumes in Argentina surpass $90 billion, Argentina still has over $200 billion in cash circulating in the country, and hidden under mattresses. It's the second-largest holder of US Dollar cash, behind the US itself.
In this episode of Money Trails, presented by @StellarDevelopmentFoundation , we explore why Argentines keep their money outside of the formal system, and why they are increasingly adopting stablecoins.
In this episode, we’re joined by Manuel Beaudroit, the Co-founder & CEO of Belo.
Watch the full episode on YouTube.
00:00 - Argentina's economic crisis
01:45 - Arbolitos on Calle Florida
02:48 - The Blue Dollar
04:01 - Distrust and taxes
07:20 - Why Argentines keep their money outside the formal economy
09:50 - Why Argentina's parallel economy still thrives
10:43 - Cuevas, Argentina's informal exchange houses
13:21 - Why Argentines are adopting stablecoins
15:43 - Subscribe!
Our Links -
🎥 YouTube - https://youtube.com/@thefliphq
🐦 Twitter - https://twitter.com/thefliphq
👥 LinkedIn - https://www.linkedin.com/company/thefliphq/
📸 Instagram - https://instagram.com/thefliphq
💻 Website - https://theflip.africa
Popular Podcasts
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
Las Culturistas with Matt Rogers and Bowen Yang
Ding dong! Join your culture consultants, Matt Rogers and Bowen Yang, on an unforgettable journey into the beating heart of CULTURE. Alongside sizzling special guests, they GET INTO the hottest pop-culture moments of the day and the formative cultural experiences that turned them into Culturistas. Produced by the Big Money Players Network and iHeartRadio.
Crime Junkie
Does hearing about a true crime case always leave you scouring the internet for the truth behind the story? Dive into your next mystery with Crime Junkie. Every Monday, join your host Ashley Flowers as she unravels all the details of infamous and underreported true crime cases with her best friend Brit Prawat. From cold cases to missing persons and heroes in our community who seek justice, Crime Junkie is your destination for theories and stories you won’t hear anywhere else. Whether you're a seasoned true crime enthusiast or new to the genre, you'll find yourself on the edge of your seat awaiting a new episode every Monday. If you can never get enough true crime... Congratulations, you’ve found your people. Follow to join a community of Crime Junkies! Crime Junkie is presented by audiochuck Media Company.