Cryptocurrency and Escrow

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The escrow part is also a really interesting part of it mentioned mentioned you were about to mention that. You have to have like a third party who can serve as a sort of an observer to the transaction and say that this really happened because it's not logged anywhere. That is actually a very challenging problem in itself because both parties have to agree that this person is trustworthy. And that person pretty easily could just run off with the cash.

Devon Zuegel talks with EconTalk host Russ Roberts about the crazy world of money and finance in Argentina. When inflation is often high and unpredictable, people look for unusual ways to hold their savings. And when banks are unreliable because of public policy, people look for unusual ways to keep their savings safe and to make financial transactions. Welcome to Argentina, where Zuegel finds surprising applications of cryptocurrency for solving problems.