#Argentina News

Argentinian Bitcoin Updates: Banking, Democracy, and a Wine-Backed Cryptocurrency

Argentines Dumping Pesos for Bitcoin (BTC) Economic Crisis Looms

April 24, 2020 by Ogwu Osaemezu Emmanuel at Bitcoin

Arcane Research has taken to Twitter to reveal that more and more Argentines are now buying bitcoin (BTC) as the country is about defaulting on its $65 billion foreign debt, a situation that would worsen the current economic crisis in the nation. The weekly volume of bitcoin purchased with the...

A powerful crypto standing in Argentina skyscrapers

Argentina: Central Bank Tests Blockchain Settlement Solution

April 21, 2020 by Osato Avan-Nomayo at News

Argentina's central bank in partnership with blockchain development firm IOV Labs is testing out a blockchain-based institutional solution for payment settlement and improved traceability. Argentina’s Central Bank Leverages Blockchain Technology According to Fintechzoom, South-American blockchain heavyweight IOV Labs has developed a proof-of-concept roadmap based on its RSK Smart Contract. The...

Crypto-Friendly Argentina Taps Blockchain Technology for Gas Distribution

March 20, 2020 by Ogwu Osaemezu Emmanuel at Blockchain

Enargas, Argentina’s gas regulator, has approved the nationwide deployment of Gasnet, a blockchain-based natural gas distribution system developed by IOV Labs, a Buenos Aires-based firm. The blockchain solution will automate the nation’s existing paper processes and monitor the processes of market participants in terms of quality and safety, reports Ledger...

President Nicolas Maduro Set to Create Youth Bank Funded by Petro Cryptocurrency

Venezuela Formally Confirms Sanction-Skirting Cryptocurrency Payment System

October 1, 2019 by Ashwath Balakrishnan at Altcoins

Venezuelan President, Nicholas Maduro, has confirmed rumors that the country is launching a cryptocurrency-based payment network for domestic and international payments. An even more exciting development from here is that the country is looking to accept Bitcoin and Ethereum from a state-owned petroleum company which they will hold as a...

Economic and Political Uncertainty Boost Bitcoin Price in Argentina and Hong Kong

August 15, 2019 by Edoardo Vecchio at Uncategorized

According to news published by Bloomberg on August 13, 2019, bitcoin continues to be traded at a premium due to economic uncertainty and political instability in Argentina and Hong Kong, confirming its value in turmoil environments. Fear is Soaring but Bitcoin is Working The global economy is experiencing a...

Could Cryptocurrency Solve Argentina’s Economic Woes?

August 14, 2019 by Ashwath Balakrishnan at Bitcoin

The Argentine Peso depreciated almost 25 percent against the USD overnight, showcasing the incremental damage being done to an already ailing economy. Economists across the globe have differing views as to how Argentina can tackle this crisis. According to analyst Alex Kruger, Argentine residents flock to the USD in an...

Argentinian Officials Ink Deal with Blockchain Research Institute

April 4, 2019 by Liam J Kelly at Adoption, Blockchain, Development, Education

In an April 2, 2019, press release, the Blockchain Research Institute (BRI) revealed a new deal with the government of Argentina. By joining the think tank, Argentinian officials will have access to myriad crypto-related resources to continue developing the various blockchain projects in the country. The Building Blocks of Innovation...

Woman Dancing with a Binance Token and an Argentinian Flag

Binance Chief Reports Potential Fiat-to-Crypto Exchange in Argentina

March 11, 2019 by Tom Nyarunda at Adoption, Altcoins, Bitcoin, Blockchain, Business, Commentary, Exchange, News

Binance CEO Changpeng Zhao responded to a report regarding Binance Lab’s agreement with Argentina to co-invest in blockchain-based projects that his company supports. He hinted at the possibility of launching a fiat-to-crypto project in the crypto-friendly South American country. Fully Embracing Cryptocurrencies The CEO of the leading cryptocurrency exchange by...

Argentina Working with Binance Labs to Tackle Economic Crisis via Blockchain and Cryptos

March 8, 2019 by Ogwu Osaemezu Emmanuel at Adoption, Altcoins, Bitcoin, Blockchain, Business, Development, Exchange, News

Binance, a Malta-based cryptocurrency exchange, announced on March 6, 2019, that Binance Labs, the venture arm of the exchange, is building the cryptocurrency future of Argentina wtith the support of the government. At the Forefront of Blockchain Adoption Per the blog post, Argentina has the opportunity to be at the...

Argentina Public Transport System now Accepts Bitcoin

February 11, 2019 by Tokoni Uti at Adoption, Bitcoin, Business, Development, News

Argentina is pushing bitcoin adoption by announcing on February 8, 2019, that its SUBE cards for its public transport system now accept BTC for payments. Bitcoin Meets the Bus Cryptocurrency as a form of payment is gaining new ground, particularly in the area of transport. Just weeks after the largest...

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