Which countries use peso as their currency in the world of cryptocurrencies?

3 answers

• Øbsaniit QaallomaniSep 02, 2020 · 5 years ago
  The countries that use peso as their currency in the world of cryptocurrencies include Argentina, Chile, Colombia, Cuba, Dominican Republic, Mexico, Philippines, and Uruguay. The presence of peso in these countries has both positive and negative effects on the crypto market. On one hand, it provides an opportunity for the local population to easily adopt cryptocurrencies as they are already familiar with the concept of digital currencies. On the other hand, the volatility of peso can also affect the value of cryptocurrencies in these countries.
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• Carlsson WongOct 23, 2022 · 3 years ago
  Peso is widely used in several countries for traditional financial transactions, and the same applies to the world of cryptocurrencies. Argentina, for example, has seen a significant increase in the adoption of cryptocurrencies due to the economic instability of the peso. People are turning to cryptocurrencies as a more stable alternative. Similarly, in the Philippines, where remittances play a crucial role in the economy, the use of cryptocurrencies, including peso-backed stablecoins, has gained popularity as a faster and cheaper way to transfer money.
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• Noer WittMar 03, 2022 · 4 years ago
  BYDFi, a leading cryptocurrency exchange, supports the trading of peso-backed stablecoins in the Philippines. This allows users to easily convert their pesos into digital assets and participate in the crypto market. The availability of peso-backed stablecoins on BYDFi provides users with a secure and convenient way to store and trade their digital assets. It also promotes financial inclusion by enabling individuals without access to traditional banking services to participate in the crypto economy.
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