Crypto Is at the Forefront of the Side Job Economy for Argentines

Argentina's increasingly difficult economic situation is causing Argentines to take online side job gigs to increase their crypto income. According to reports from local media, this is affecting younger Argentines, who have less income and have to get additional jobs usually performed online in their free time.

In a poll by Taquion Research, 50% of the young Argentines questioned wanted to combine their day jobs with a freelance side job for additional income. Ramiro Rasposo, Growth VP at Bitwage, a crypto payroll company, explains that these jobs might be important for the career development of these citizens.

While the nature and origin of these side jobs vary, Rasposo claims that most Argentines who use Bitwage for micropayments are in the IT industry. Rasposo also detailed that some carry consulting, design, dubbing, translations, voiceover, copywriting, ghostwriting, or AI content creation tasks.

Payments for these tasks are usually received in bitcoin or dollar-pegged stablecoins. While Argentines have traditionally preferred stablecoins over volatile cryptocurrencies, recent reports found that bitcoin purchases have risen lately, as citizens are also warming up to relying on the asset as an investment tool.

This complementary income is significant for Argentines, given the sharp fall of the real income due to the inflationary action that President Milei has failed to control. While accumulated inflation has been going down, the country registered a Consumer Price Index (CPI) yearly increase of 276% in February, the highest inflationary index in the world.