Recently, Argentina has linked arms with the Blockchain Research Institute (BRI), becoming the second nation, after Canada, to align itself with this prestigious organization. This collaboration was spurred by a meeting that took place in November 2018.
By teaming up with the renowned Blockchain Research Institute, Argentina opens the door to a range of exclusive events and networking opportunities with fellow BRI members. This strategic step echoes the Argentinian government's supportive stance on blockchain technology and cryptocurrencies.
BRI Partners With Argentina
The Blockchain Research Institute, based in Toronto, recently revealed a new partnership with Argentina. This announcement, which marks a significant collaboration, follows a critical meeting held in November 2018, attended by Argentina's President Mauricio Macri, Deputy Chief of Staff Andrés Ibarra, and BRI's co-founder Don Tapscott. press release The Blockchain Research Institute, established in Toronto by the authors of the influential book 'Blockchain Revolution', Don and Alex Tapscott, back in 2017, is a multi-million-dollar initiative dedicated to exploring the potentials of blockchain across various sectors like manufacturing, energy, retail, and more.
Argentina's collaboration with the Blockchain Research Institute provides a platform for the country to engage with special webinars and tap into an array of research projects. This partnership also affords Argentina the chance to interact with a diverse group of entities, from startups to multinational corporations and governance bodies, at various events.
The collaboration between BRI and Argentina is essential for establishing a Blockchain Research Institute Center of Excellence within Argentina. Currently, blockchain technology is being integrated into multiple national projects, including the use of distributed ledger technology by purchasing and contracting companies Compr.ar and Contrat.ar during the bidding processes.
Additionally, the Argentinian government is leveraging distributed ledger technology to ensure that public records remain secure and impervious to tampering.
Argentina is undeniably embracing the wave of virtual currency and blockchain technology across different sectors. The country's landscape also hints at a steady expansion of these technologies.
Rising Popularity of Bitcoin in Argentina
In early 2019, Alto Viaje entered a partnership to incorporate Bitcoin payments into the SUBE transport system—Argentina's backbone for commutes. Given the country's economic challenges, this move was well-received, allowing busy commuters to pay for buses, subways, and trains using Bitcoin. Bitcoin ATM s.
Manuel Beaudroit from Bitex showed excitement over the decision to integrate Bitcoin as a payment method for public transportation, enabling over seven million SUBE users across 37 cities to pay their fares with BTC. Previously, Alto Viaje accepted PayPal and local transaction method Rapipago. cryptocurrency exchange , Bitex to use Bitcoin In March, noted billionaire venture capitalist Tim Draper suggested a bold idea to President Mauricio Macri during a visit—proposing that Bitcoin could replace Argentina's peso.
Facing a weakened peso, Draper wagered that if the peso performed better than Bitcoin, he'd double his investment in Argentina; otherwise, Bitcoin could be a solution to the economic woes. Draper further posited that embracing the cryptocurrency sector would make Argentina an attractive destination for entrepreneurs.
Argentina is making strides in advancing blockchain and digital currencies across the nation. Recognizing this trend, Labs, a significant hub for virtual currency and blockchain, chose to support these efforts. bet Acknowledging Argentina's drive towards blockchain, Labs announced plans to push further development in the region:
Argentina seems poised on the brink of significant blockchain innovation, from ATMs to public transit systems, with Binance Labs emerging as an enthusiastic supporter.
Increased Blockchain Initiatives Backed by Government Support
Argentina, in showing its support for Binance Labs, pledged donations of $50,000 for every local blockchain project the firm invests in, signaling a strong commitment to fostering distributed ledger technologies and virtual currency uptake. Binance Osato, a keen enthusiast of Bitcoin, actively shares insights on the latest trends in the crypto space. When not deeply immersed in news stories, he enjoys challenging his scrabble skills or pondering existential musings. Reach him at [email protected] support the South American country.
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