{"id":132784,"date":"2024-07-09T23:00:33","date_gmt":"2024-07-09T20:00:33","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=132784"},"modified":"2024-07-09T18:11:38","modified_gmt":"2024-07-09T15:11:38","slug":"bybit-launches-new-card-in-argentina-amid-crypto-boom","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/bybit-launches-new-card-in-argentina-amid-crypto-boom\/","title":{"rendered":"ByBit Launches New Card in Argentina Amid Crypto Boom"},"content":{"rendered":"<p>The country leads the Western Hemisphere in crypto acceptance, driven by a staggering 276% annual inflation rate, as <strong><a href=\"https:\/\/www.forbes.com\/sites\/javierpaz\/2024\/07\/08\/why-inflation-battered-argentinians-are-turning-to-crypto\/\" target=\"_blank\">Forbes<\/a><\/strong> highlights.<\/p>\n<p>Bitcoin and other cryptocurrencies are more prevalent in Argentina than anywhere else in the region, with 2.5 million out of 130 million global visitors to top exchanges originating from the country, per <strong><a href=\"https:\/\/www.similarweb.com\/website\/binance.com\/#geography\" target=\"_blank\">SimilarWeb<\/a><\/strong>. In December 2023, Argentina made Bitcoin a legal tender, following in the footsteps of El Salvador.<\/p>\n<p>Since Javier Milei&#8217;s election in December, Argentina&#8217;s affinity for Bitcoin has surged, making it a key market for Binance, accounting for 6.9% of total web traffic to the exchange, SimilarWeb notes.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/cbdc-hong-kong-joins-ecb-in-first-non-eu-collaboration-for-digital-euro-project\/\" title=\"CBDC: Hong Kong Joins ECB in First Non-EU Collaboration for Digital Euro Project\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/200624-invao-blogartikel-digital-euro-passed-juni-20-v1-1366x768px-240x170.jpeg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">CBDC: Hong Kong Joins ECB in First Non-EU Collaboration for Digital Euro Project<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>A distinctive trait of Argentine crypto investors is their preference for US dollar-backed stablecoins, such as USDT. Maximiliano Hin, Head of Latin America at Bitget, noted this unique market behavior, highlighting the country&#8217;s focus on dollar stability.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Argentina, known for its burgeoning crypto market, has embraced Bitcoin adoption with the launch of the ByBit card.<\/p>\n","protected":false},"author":3,"featured_media":37120,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[28],"tags":[],"class_list":["post-132784","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fintech"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>ByBit Launches New Card in Argentina Amid Crypto Boom<\/title>\n<meta name=\"description\" content=\"Argentina, known for its burgeoning 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