Argentina Holds the Top Place in Latin America for P2E Games

Causes of Argentina’s Adoption of Crypto

A recent survey has disclosed that Argentina’s populace has been earning more money from these P2E games than their salaries. The reason that causes this is the inflation rate and basic commodity cost has recorded a 50 % per year rate increase, unlike paychecks.

The second cause is the financial instability that prevents Latinos from accessing accounts in their names and thus, Mauricio Ramos, the Head of Axie Infinity states that Latinos use American accounts to play. 

Argentina Combats Inflation

In terms of earning money via cryptocurrency games, Argentina ranks fifth in the world, and their neighboring country Brazil ranks seventh. One of the leading metaverses, Decentral Games has recorded the highest number of players garnered this year was 9,400.

Head of Investor Relations at Decentral Games, Gabriel Mellace stated that both Argentina and Brazil have noted a sharp yet continual rise in the adoption of play-to-earn games. Yat Siu, Co-founder of Animoca Brands stated that Argentina has bagged the title of the second-largest economy growing region and has a share of global users of 25 percent. 

Argentina Inspires Other Countries

The country is known as the breeding ground for cryptocurrency, Web3, and blockchain. A large number of Argentina’s populace have become freelancers that are 90 percent of the time paid in BTC and ETH. 

Following Argentina and Brazil, countries like Georgia, the Philippines, and the United States have also started embracing this new way of gaming.