In an unassuming office building in central Buenos Aires — behind a half-metre-thick door, metal detectors, and a series of facial, fingerprint and iris recognition systems — sit thousands of safety deposit boxes holding important documents, jewellery and, most of all, US dollars.
Ingot, which has five branches in Argentina, is one of a dozen private safety deposit box companies that have blossomed in the country over the past 10 years.
“Banks have cut back on branches because of their digital transition . . . but we knew that demand for physical storage would remain strong,” says Juan Piantoni, Ingot founder and chief executive.
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