The central bank’s “super stocks” also limit the self-employed and workers who provide services to companies abroad. The foreign company sends dollars however It’s (almost) impossible to collect a ticket in our country. the bank The groups pecifics in dollars for all Argentines who work for foreign companies. When the money is transferred to an account in Argentina, the bank will convert that amount into pesos, taking into account the dollar value of Banco Nacin. The bank contacts its customer and asks what this income is. The person must prove that they have indeed exported the service. Workers are obligated to withdraw the peso within five days.
according to In a recent report by Workana, during the pandemic, there was a noticeable increase in the number of freelancers registered on its platform, only during the month of April 2020 more than 100,000 new users were added. Which means an increase of 42 %.1 Likewise, a report by Chainalysis on the global rate of adoption of cryptocurrencies stated that Argentina ranks 28th out of 142 countries in the world.
However, one of the main difficulties arises when it comes down to it Get your salary in foreign currencies Because of the existing gap between the blue dollar and the official dollar, which creates inconveniences for the nationalization of the received foreign currency. in this context, There are virtual platforms and wallets that allow Argentine businessmen and workers to ship their services abroad in dollars and keep them in that currency.
“Cryptocurrency platforms are an alternative for those freelancers billing abroad and seek to preserve the value of their money. An advantage is that the equivalent of paying dollars in cryptocurrency can be obtained in a digital wallet, and then sold blue dollar assets that yield a profit of 67% Whereas if these funds are received in a traditional bank account, the entity settles those dollars at the official value whose price is significantly lower.Magdella Rivas, Latin America director at Paxful, a p2p cryptocurrency exchange, explained.
Cryptocurrencies are a viable alternative because they allow the value to be stored in an asset far from the strong fluctuations in the peso’s value. Much less regulated than buying currencies that tend to hold their value like the dollar.
To buy cryptocurrencies, of which there are many types and prices, it is convenient to approach the cryptocurrency exchange. These are the companies that provide a platform to buy and sell cryptocurrencies. Since cryptocurrencies are digital assets, they need special technologies to be able to securely handle and store. Generally speaking, all exchanges operating in Argentina offer their users this facility. It should be noted that buying cryptocurrencies in Argentina is legal, although its regulations are not entirely clear and most companies that market them are subject to BCRA regulations (like KYC practices, on the personal data of their users). DrSame thing, cryptocurrencies do not pay PAS and are not subject to the $ 200 daily limit that fiat money has.
Baxful, who arrived in Argentina last year, It is a free peer-to-peer marketplace for Bitcoins and ads are created, sold and bought freely. In this sense, p2p means that transactions are agreed upon between users. When there is an offer that interests the user, the platform offers safe conversation Where the terms of sale and purchase are agreed upon Between the parties independently.
In this way, cryptocurrency platforms They are a great option for those professionals looking to expand their portfolio of clients abroad without the hassles of getting their salary. “At Paxful, we work for people to have financial freedom and equal opportunity to manage their personal finances, which is why we are so proud to know this. More and more freelancers are choosing us as a safe and secure platform that makes part of their work easierRivas concluded.
