It's wild while living in Argentina as a foreigner to experience 3 different exchange rates for US dollars to Argentine pesos

Official gov rate (e.g. airport stand): 
$1 for ~185 pesos

VISA/Mastercard (diff than official gov rate as of Nov 2022): 
$1 for ~330 pesos

Black market ("blue dollar"):
$1 for ~370 pesos

Co-founder @bountycaster (bountycaster.xyz). Co-producer @ethereumfilm. Previously co-founder of Scalar Capital and product at Coinbase

Crypto enthusiast by night, incident management by day

This was super interesting, thank you for sharing!

A couple of articles that provide an overview of the situation in Argentina:

https://bowtiedbull.substack.com/p/how-to-survive-in-a-world-of-hyperinflation
https://bowtiedbull.substack.com/p/the-weimargentina-rollercoaster-at

Building /bright-moments - minting onchain art IRL | /purple #15 | FID 129 #magikarp

Rome, Metropolitan City of Rome Capital, Italy

Lots of crypto people here! Going to be doing a bunch of meetings over the next few weeks

My biggest rec is just getting the street rate for cash when you get here since it's such a huge difference. Carry a form of ID when you are paying with card in stores since some will require it and bring cash for restaurant tips

We’re considering coming there in September. Any tips for foreigners? How’s the crypto culture?

The street rate very much still exists (where I got the bulk of my cash)

so wild! does the blue dollar still exist? heard they got rid of it

back in 2015 folks were taking the ferry from BA to Uruguay just to take out USD to exchange on Calle Florida 😆

Building something new. Host: /venturecapital /adventures /theitinerant

From what I've seen, priced in US dollars

Gov recently allowed foreign-issued Visa and Mastercard cards to get significantly better rates to promote tourism. Apparently not implemented for AMEX yet https://www.batimes.com.ar/news/economy/argentinas-elaborate-ploy-to-lure-tourists-has-begun.phtml

Understand black market being daylight robbery but what’s going on with the payment rails?

Just the local term for black market / street rate

are people still using tron stablecoins on binance? (the custodial binance app, not BSC...)

i get why they do it; zero fees, $1=$1, phone-call-based account recovery. but it's a ticking bomb for sure

Heading to Argentina in a few weeks! Heard lots about black market rates & exchanging.

If it's wild for you, imagine for us as Argentinians. 🤕

how is the stablecoin adoption/acceptance scene?

Do restaurants still have 10 little white stickers over prices from all the price changes they have to constantly make?

Lol as an Argentinian living in the US you can’t imagine the amount of free space and energy in my mind when I do not have to deal with all that crazy stuff anymore. But also, that’s why crypto adoption is so high!

Welcome to LatAm. Pay using crypto with Binance for example.

A good part of my team is in Argentina. It’s been “creative” working out salary but we make it work.

Went to visit last 2 weeks of 2022 (yes, during the World Cup) and had the best time. Getting that blue rate from locals was def the smart move.

Love Argentina. Can’t wait to come back.