【Crypto World】In a high inflation environment, Argentine users' demand for stablecoins has surged, but this is more for hedging against currency devaluation and the convenience of cross-border payments rather than directly replacing the local fiat currency.
Products like Peanut have opened up new ideas—users first deposit USDT, then can directly scan the Mercado Pago QR code to complete transactions, cleverly bypassing the cumbersome traditional currency exchange process. Meanwhile, local players like Lemon Cash and Ripio have taken a different approach, integrating payment and receipt, bill management, card services, and even crypto interest into a single account system, forming a complete financial closed loop.
To put it simply, whether crypto payments can be implemented effectively ultimately depends on whether the local infrastructure is mature. The key to market competition is not just technology, but also fee levels, regulatory compliance, marketing investment, and who can expand to other countries more quickly.