Global Editions

The cryptocurrency startups trying to save Argentina from itself

By holding their money in “stable” cryptocurrency, Argentines might avoid the notorious volatility of their peso. First, though, they have to be persuaded.
by Kristin Majcher

A 1988 hit by the Argentine rock band Soda Stereo gave Buenos Aires a nickname that still sticks today: “La Ciudad de la Furia,” or the City of Fury. The “fury” of Buenos Aires is evident in the uneven quality of everyday life here. It’s not uncommon for strikes and demonstrations to cause street closures, or for the power to fail on hot summer afternoons.


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