30 sats \ 0 replies \ @pillar 17 Aug 2022 \ on: Inside the crypto black markets of Argentina bitcoin
What a great read.
A fun note: as the article says, the usage of cuevas and the ARS<>USD black market is openly discussed and not a taboo topic by any means. A fun example of that is the fact that the dolar blue exchange rate gets openly listed in business newspapers of Argentina, such as El Cronista.
https://i.postimg.cc/RhxnJT9Z/Screenshot-from-2022-08-17-08-35-46.png
I always wonder how they come up with the number. I laugh imagining they might send an intern to walk around Buenos Aires, shyly opening the door of each cueva and asking "sorry sir, how much is it today?".