Bitcoins gaining favor in Argentina

Jim H
By Jim H on Wed, Mar 13, 2013 - 6:00pm

If Bitcoins are gaining favor in Argentina as the country sinks farther into inflation and capital controls... might this be viewed as a preview of what happens when the bigger fish start frying?

My friend Sir Charles at PricedinGold.com wrote me this morning from Argentina's Salta province (near Doug Casey's lovely property in Cafayate) and told me that TEA Turismo, a local tour operator and rental car agency there has started accepting BITCOINS.

If you're not familiar, bitcoins are digital currency units that are not controlled by any government. Bitcoins can be exchanged for goods, services, and other currencies, privately and anonymously.

For obvious reasons, Bitcoins are becoming increasingly popular in Argentina as people seek any means necessary to survive the economic destruction.

full article here;  http://www.zerohedge.com/news/2013-03-13/guest-post-argentines-escaping-capital-controls-bitcoins

 

 

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