“For us, who haven’t had inflation for a long time, 9% is quite high. Despite the fact that the exchange rate hasn’t shot up, the local currency has been depreciating little by little against the U.S. dollar,” Buenbit’s Romero told CoinDesk. “Therefore, there is a growing interest from users to protect their income, and they find in crypto a very good way to do that.”
Source: https://www.coindesk.com/business/2022/08/31/peruvians-are-buying-crypto-to-hedge-against-inflation-and-political-instability/?utm_medium=referral&utm_source=rss&utm_campaign=headlines