Banco Galicia, Argentina's largest private bank, has added a new feature to its investment platform where customers can trade Bitcoin, Ethereum, XRP and USD Coins. The bank's move is targeting younger customers. Seeking to create the global trend in traditional banks' adoption of cryptocurrencies, the bank is making it easier for Argentines to buy cryptocurrencies to protect their savings against hyperinflation.
Inflation Too High in South America
Inflation in South American countries is generally very high. For this reason, these countries are among the countries that adopt digital assets the most in the world.