
Argentina in 2023 taught the crypto industry something it wasn't paying attention to:
When a currency becomes unreliable, P2P crypto becomes infrastructure, not technology.
At peak peso inflation, Argentinians were trading P2P crypto at some of the highest per-capita rates in the world.
Not because they're early adopters.
Because holding pesos was actively losing value every week and the formal dollar access was rationed.
The same pattern repeated in Turkey. Lebanon. Venezuela. Nigeria.
In every case, analysts called it a temporary spike driven by crisis.
In every case, the P2P behavior persisted after the acute crisis passed.
Because once someone builds financial habits outside the formal system
and those habits work, they don't abandon them when the crisis eases.
P2P crypto doesn't just solve emergencies.
It becomes the default.
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