Bitcoin Buenos Aires

After seeing images from the recent 6k Star Wars marathon in San Isidro on May 4th, no one would be shocked to come across hordes of Argen-nerds decked out in Viva Satoshi tee shirts.

Yet, Bitcoin is heard in taxis, cafés, bars and on buses. It seems BA has become one of the first homes of the infamous and inspiring crypto-currency. According to Bitpago’s Sebastián Serrano, Porteños are only behind New Yorkers and Tel Avivians when it comes to coin users and meetup participants.

In fact, I was both shocked and reassured after seeing Bitcoins being sold on Mercadolibre, Argentina’s ebay. Of course some entrepreneurial locals were “fraccionando” Bitcoin like the salami and expensive cheeses also found on the site. The rates were pretty terrible compared to international markets, but Bitcoins have been sold for a while on the ubiquitous platform.

While crypto currencies like Bitcoin are still mysterious for many, they’ve been accepted into an increasing number of lay and professional circles. The interest and attention has been so extensive that a local tech startup Xapo (a Bitcoin wallet and vault) recently raised an eye popping $20 Million USD from Silicon Valley investors.

Vaults are something of an Argentine pastime, with the former President Kirchner having gotten a reputation for gleefully micromanaging the construction of his multiple personal walk-in models.

This tradition, stoked by a local history of unstable banks and currencies, means that for the past two years Xapo has “been in stealth mode managing Bitcoins for large institutional clients – think investment banks and financial firms.” Xapo stores your Bitcoin on “100% safe” insured offline vaults, providing unparalleled Bitcoin security.

With their newest offer including debit cards for easy spending from an accessible online wallet, their aim is to provide individuals with the same class of services they’ve been providing large institutions. Is this bubble talk, or is something important happening in local and international banking? For Bitpago’s founder Sebastian Serrano it’s an answer to a historical problem not only in Argentina but South America ”el 50% de la población de Sudamérica no está bancarizado” y que la moneda virtual puede resultar “un medio de pago en línea que permite hacer compras a quienes “.

Bitcoin's Promise In Argentina

2013-04-27 11:27:04 by Athenna

It is nearly impossible to detach politics from bitcoin although many try. The reason being that everything bitcoin touches has social and political ramifications that are too startling to ignore. Argentina is no exception.
Filmed in Buenos Aires, three bitcoin proponents set out to produce a short film on the impact of bitcoin in Argentina. The result is a beautiful 8-minute documentary examining the promise of economic growth in the ‘free’ or ‘shadow’ economy beyond the ‘official’ crippled economy. The film’s website, BitcoinFilm.org, references this ‘free’ economy as one of the world’s largest, second only to the U

Bitcoin mining ASIC

Bitcoin Black Friday

Bitcoin ATI cards

Bitcoin Infowars

Bitcoin buy games