Crypto Loans Are Booming in Latin America Amid Runaway Bank Rates and Inflation

Crypto Loans Are Booming in Latin America Amid Runaway Bank Rates and Inflation

Private banks are even more risk-averse when granting a loan. In Brazil, the largest private bank, Itau, offers personal loans with an annual interest rate that can go up to 172.85%, according to its website. In Argentina, the annual interest rate offered by the largest private player, Banco Santander, can reach 230%.

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