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Bitcoins in Argentina

A short film shows the impact of Bitcoin in Argentina. In the film, Diego uses Bitcoin to avoid the skyrocketing inflation and monetary restrictions of the Argentinian Peso. More at BitcoinFilm.org or @Bitcoinfilm.

From the filmmakers:

In Argentina we met Diego who works for a technology company and lives a normal life in Buenos Aires. He would like to save up the pesos he earns in order to travel, invest, and plan for his retirement, just like the rest of us. However because of the economic situation in Argentina Diego does not know how much his money is worth tomorrow. The Argentinian Peso that Diego uses is volatile and has seen everything from total collapse, to about 25-30% inflation, which is the case today. On top of this, because of monetary restrictions Diego cannot change his Pesos into Dollars or Euros within the established system. That means that he and his fellow Argentinians can’t save up for their children’s education, travel or retirement. But luckily for Diego, he found a solution. By changing Pesos into Bitcoins Diego can move his savings across international borders or he can decided to keep his savings in Bitcoins. Since this situation is the same in dozens of other countries, we feel that Diego’s story, and the way he uses Bitcoins, needs to be told.

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