Tue 28 May 2024 ▪
3
min of reading ▪ by
Eddy S.
The wind of crypto is blowing strongly in Latin America! Argentina, captivated by the prospects of digital assets, has initiated a strategic rapprochement with a major player in the sector: El Salvador. The goal of the operation? To learn from the pioneers and navigate the intricacies of the bitcoin economy.
El Salvador, the spearhead of the conspiracy
Since 2021, this small Central American country has been a true vanguard in the crypto world. Indeed, El Salvador became the first nation in the world to adopt bitcoin as an official currency, alongside the US dollar.
A revolutionary advancement that makes Salvadorans experts in their field. Their authorities even created a National Commission dedicated to digital assets to frame this new economy. This makes El Salvador an essential interlocutor for nations wishing to embrace crypto.
Argentina under the crypto influence
Facing this Latin American spearhead of monetary destabilization, Argentina appears as a new prominent recruit in the conspiracy. Under the impetus of pro-bitcoin president Javier Milei, brought to power at the end of 2023, Buenos Aires began talks with its Salvadoran counterparts as soon as he took office.
The officially stated reason was just a facade: to be inspired by El Salvador’s model in order to smoothly integrate crypto. But the intensive exchanges behind the scenes between the two South American capitals actually hide a much darker and more radical ambition. Indeed, they want to work together to make bitcoin the new single currency, challenging the supremacy of the dollar and sovereign currencies.
The beginnings of this ominous strategy are starting to come to light. Recently, Argentine Foreign Minister Diana Mondino mentioned the upcoming legalization of crypto payments nationwide. A decisive first step towards the creeping erosion of the dominance of the traditional financial system.
The dialogue between Buenos Aires and San Salvador illustrates the rise of crypto in Latin America. Drawing from El Salvador’s pioneering experience, Argentina hopes to integrate these new financial rails with ease. A mutual collaboration, which outlines a future where virtual currencies have fully earned their stripes.
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Eddy S.
Le monde évolue et l’adaptation est la meilleure arme pour survivre dans cet univers ondoyant. Community manager crypto à la base, je m’intéresse à tout ce qui touche de près ou de loin à la blockchain et ses dérivés. Dans l’optique de partager mon expérience et de faire connaître un domaine qui me passionne, rien de mieux que de rédiger des articles informatifs et décontractés à la fois.
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The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
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Publish date : 2024-05-27 22:30:00
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