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Lebanese turn to cryptocurrency as economy tanks

Lebanon is bursting with crypto mining shops, traders and online mentors to fulfill the surging demand from people desperately looking to gain financial freedom and much-needed US dollars.
A visual representation of the digital cryptocurrency bitcoin, at the Bitcoin Change shop.

Bitcoin, a digital currency that emerged in 2008 and is now the most prominent in global circulation among other cryptocurrencies, seems to have gained the trust of Lebanese people more than traditional banks have.

The phrases “bitcoin mining” and “bitcoin trading” have become more in demand lately, but both differ in the form of operation.

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