If an Argentinian receives a SWIFT transfer of let's say 10k USD, it is forcefully converted to pesos at an absurdly bad, effectively asymmetrical exchange rate, basically less than 50% of the real value. In other words, if you try to buy dollars with the pesos that were converted for you, you will only be able to buy less than 5k USD.
And that's before taking taxes into account. When taking taxes into account, somebody who is paid 10k will basically end up with 3k USD, probably less.
Additionally, and this happens in every country, SWIFT takes days and fees are really expensive. Crypto is almost instant and fees much much lower.
And that's before taking taxes into account. When taking taxes into account, somebody who is paid 10k will basically end up with 3k USD, probably less.
Additionally, and this happens in every country, SWIFT takes days and fees are really expensive. Crypto is almost instant and fees much much lower.