• About Us
  • Our Contributors
  • Privacy Policy
  • Contact
Monday, December 4, 2023
  • Login
No Result
View All Result
NEWSLETTER
FactFile
  • Home
  • National
  • International
  • Economy
  • Health
  • Science
  • Sports
  • Tech
    WhatsApp allows iOS users to send photos & videos as documents

    WhatsApp allows iOS users to send photos & videos as documents

    WhatsApp now allows you to share stickers in channels

    WhatsApp now allows you to share stickers in channels

    Meta introduces ad-free plans for Instagram, Facebook in Europe

    Meta introduces ad-free plans for Instagram, Facebook in Europe

    Elon Musk's X launches two new premium subscription plans

    Elon Musk’s X launches two new premium subscription plans

    TikTok releases Community Guidelines Enforcement Report

    TikTok releases Community Guidelines Enforcement Report

    Huawei's China smartphone sales surge in Q3 as Apple declines research firms

    Huawei’s China smartphone sales surge in Q3 as Apple declines research firms

  • Entertainment
    Viral Aurat March video was edited & misconstrued: Meher Bano

    Viral Aurat March video was edited & misconstrued: Meher Bano

    Ahmad Shah’s little sister Ayesha passes away

    Ahmad Shah’s little sister Ayesha passes away

    Sania Saeed’s opinion on growing unkindness in children

    Sania Saeed’s opinion on growing unkindness in children

    Bollywood film director Sanjay Gadhvi passes away

    Bollywood film director Sanjay Gadhvi passes away

    Why several Arab countries banned 'Tiger 3'? You need to know

    Why several Arab countries banned ‘Tiger 3’? You need to know

    Natasha Ali opens up on enmity with Faizan Sheikh

    Natasha Ali opens up on enmity with Faizan Sheikh

    'Stranger Things' reveals filming date for season 5

    ‘Stranger Things’ reveals filming date for season 5

    Asim Azhar fumes at university students after Hania Aamir chants

    Asim Azhar fumes at university students after Hania Aamir chants

    Kareena Kapoor shares her first look from ‘Singham Again’

    Kareena Kapoor shares her first look from ‘Singham Again’

  • Opinion
  • Home
  • National
  • International
  • Economy
  • Health
  • Science
  • Sports
  • Tech
    WhatsApp allows iOS users to send photos & videos as documents

    WhatsApp allows iOS users to send photos & videos as documents

    WhatsApp now allows you to share stickers in channels

    WhatsApp now allows you to share stickers in channels

    Meta introduces ad-free plans for Instagram, Facebook in Europe

    Meta introduces ad-free plans for Instagram, Facebook in Europe

    Elon Musk's X launches two new premium subscription plans

    Elon Musk’s X launches two new premium subscription plans

    TikTok releases Community Guidelines Enforcement Report

    TikTok releases Community Guidelines Enforcement Report

    Huawei's China smartphone sales surge in Q3 as Apple declines research firms

    Huawei’s China smartphone sales surge in Q3 as Apple declines research firms

  • Entertainment
    Viral Aurat March video was edited & misconstrued: Meher Bano

    Viral Aurat March video was edited & misconstrued: Meher Bano

    Ahmad Shah’s little sister Ayesha passes away

    Ahmad Shah’s little sister Ayesha passes away

    Sania Saeed’s opinion on growing unkindness in children

    Sania Saeed’s opinion on growing unkindness in children

    Bollywood film director Sanjay Gadhvi passes away

    Bollywood film director Sanjay Gadhvi passes away

    Why several Arab countries banned 'Tiger 3'? You need to know

    Why several Arab countries banned ‘Tiger 3’? You need to know

    Natasha Ali opens up on enmity with Faizan Sheikh

    Natasha Ali opens up on enmity with Faizan Sheikh

    'Stranger Things' reveals filming date for season 5

    ‘Stranger Things’ reveals filming date for season 5

    Asim Azhar fumes at university students after Hania Aamir chants

    Asim Azhar fumes at university students after Hania Aamir chants

    Kareena Kapoor shares her first look from ‘Singham Again’

    Kareena Kapoor shares her first look from ‘Singham Again’

  • Opinion
No Result
View All Result
FactFile
No Result
View All Result
Home Tech

Binance says it is winning crypto clients thanks to inflation

by Arshad Khan
August 11, 2022
in Tech
0
Binance says it is winning crypto clients thanks to inflation
Share on FacebookShare on TwitterWhatsapp

Hinz pointed to the example of Argentina, where annual inflation is at 90%.

Binance says it is winning crypto clients thanks to inflation. Binance, the world’s largest cryptocurrency exchange, is seeing a surge in clients due to rising inflation and a historically strong dollar that has depressed emerging market currencies, an executive told Reuters on Wednesday, without disclosing numbers.

“Now that we are seeing inflation ramping up worldwide, we are seeing that more and more people are seeking cryptocurrency, like bitcoin, as a way to protect themselves from inflation,” said Maximiliano Hinz, who heads Binance in Latin America, during an interview in Lima.

Hinz pointed to the example of Argentina, where annual inflation is at 90%. The country has grown into one of the company’s top markets, he said, together with Brazil and Mexico.

Argentina saw citizens pour savings into bitcoin this year despite a crash in cryptocurrency prices.

While El Salvador has made headlines for adopting bitcoin as legal tender, Hinz said other Latin American nations have yet to pass meaningful cryptocurrency legislation, although he does not necessarily consider that a bad thing for the company.

“Regulation is a framework, but it’s not always negative that something isn’t regulated,” he said. “If something isn’t banned, then it’s legal.”

More From FactFile: Google Celebrates 10 Years of Google Play

Under President Nayib Bukele, El Salvador has made a massive bet on bitcoin, making it legal tender and buying more than $100 million worth of the cryptocurrency, which have lost about 50% of their value amid a broader cryptocurrency selloff this year.

Tags: ArgentinaBinanceLatin AmericaLimaMaximiliano Hinz
Arshad Khan

Arshad Khan

Next Post
Pak-UK ties based on friendship & mutual cooperation: COAS Gen Bajwa

Pak-UK ties based on friendship & mutual cooperation: COAS Gen Bajwa

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Russian Gaza ceasefire resolution fails in UNSC

Russian Gaza ceasefire resolution fails in UNSC

2 months ago
NA by-polls: Imran Khan to contest from all nine PTI constituencies

NA by-polls: Imran Khan to contest from all nine PTI constituencies

1 year ago

Connect with us

Newsletter

Subscribe to receive regular updates from FactFile.
SUBSCRIBE

Category

  • Business
  • Economy
  • Entertainment
  • Fashion
  • Health
  • International
  • Lifestyle
  • National
  • Opinion
  • People
  • Science
  • Sports
  • Tech
  • Uncategorized

Site Links

  • About Us
  • Our Contributors
  • Privacy Policy
  • Contact

About Us

FactFile is a digital resource from Frontier Media focusing on factual news and information.

  • About Us
  • Our Contributors
  • Privacy Policy
  • Contact

© 2022 FactFile

No Result
View All Result
  • Home
  • Business
  • Science
  • National
  • Entertainment
  • Sports
  • Fashion
  • Lifestyle
  • Tech
  • Health

© 2022 FactFile

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In