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Lebanon's Soaring Inflation Rate Fuels Crypto Adoption Amid Economic Turmoil

Lebanon is experiencing a staggering inflation rate of 264%, up from 190% in February, leading to a surge in crypto adoption. Citizens are turning to crypto to buy groceries as the value of their currency continues to plummet. Some are even resorting to mining Bitcoin to make ends meet. Along with crypto, there is also a high interest in AI crypto in Lebanon, according to a CoinGecko report. The report suggests that economically weak countries are most interested in AI and crypto, but it remains to be seen how they will be integrated into economies with increasing AI regulation.

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