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167. Insights: Is crypto an effective replacement for remittances?

Blockchain Insider Podcast by 11:FS

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The Role of Stablecoins in Remittances

Rian: One of the most important jobs to be done of our users in across countries in Latin America is hedging against inflation. If you look at places like Argentina with 70% inflation rates, no one really wants to hold on to Argentinian pesos. And that's why we see such a large penetration of crypto adoption in countries like Argentina. We do see this decoupling of having to have the end-to-end flow completed versus actually just getting paid in stablecoins and saving in stable coins.

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