Bitcoin and Crypto’s Alternative Economy in Lebanon
Maximus
Jan 12
Decades of economic mismanagement has to lead to a failing financial system. Inflation stands at 168% Year-over-Year (YoY), eroding people’s purchasing power denominated in the Lebanese Lira by 94% since before 2020. Adverse economic conditions have pressured Lebanese citizens to store, earn, and transact wealth in alternative ways. Adoption occurs in regions worldwide where people feel, experience and see the need for a new kind of money that solves their problems of relative stability and s...
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