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Inflation, Rising Bank Rates Driving Crypto Lending in LatAm

September 29, 2022
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Inflation, Rising Bank Rates Driving Crypto Lending in LatAm

September 29, 2022
Some Latin Americans are turning to cryptocurrency to access credit as a way to combat the difficulty of borrowing money from traditional banks there. The problem has become especially apparent with the high interest rates and inflation in recent months. In 2020, as the pandemic hit, Latin American central banks rose interest rates early — […]