Tech
Cardano Founder Catches Argentine President’s Attention During Cryptocurrency Expansion Talks
Cardano founder Charles Hoskinson recently caught the attention of Argentine President Javier Milei through cryptocurrency talks on X. President Milei reposted Hoskinson’s tweet as the country considers adopting crypto and blockchain technology. This interaction reflects Cardano’s growing interest in expanding into Argentina.
Furthermore, this development comes as Argentina considers blockchain and cryptocurrencies through recent regulatory moves.
Hoskinson reflects on Argentina’s crypto expansion move
The social media interaction began with a X post by Dario Epstein, Director of Research For Traders. In his post, the director praised Cardano for its blockchain technology and his experience in the cryptocurrency sector.
Furthermore, Epstein revealed that he had been contacted by a technology company specializing in third-generation blockchain. Furthermore, he noted that blockchain is focused on decentralized government.
Epstein noted that the company plans to expand into Argentina to broaden its development and technology applications. With a feeling of exuberance, Epstein declared: “As the saying goes: ‘You will reap what you sow!!!’”
Next, Hoskinson He answered to Epstein’s post praising Argentina’s technological prowess. From this it emerged that the company indicated in the press release could be Cardano.
Additionally, Hoskinson noted how valuable some Argentine developers are in their contributions to Cardano. Furthermore, he revealed his interaction with developers such as ATIX’s Alan Verbner over the past eight years in building Cardano.
Hoskinson added: “Argentina has some of the brightest minds in our industry and it has been a privilege to work with them.”
Cardano is among the top DeFi crypto blockchains and hosts numerous Web3 projects. As of January 2024, the Cardano ecosystem has over 1,315 projects developing Web3 dApps on the platform. Up to 155 dApps and some major NFT applications have already been launched on Cardano.
Argentina President Recognizes Cardano Founder Amid Cryptocurrency Adoption Plans
Surprisingly, Hoskinson’s comment caught President Milei’s attention. Milei has already republished the statement, indicating his recognition and possible collaboration with the blockchain company.
Notably, the social media interaction comes as Argentina considers a strategic advancement in the cryptocurrency sector.
Earlier this month, Argentina began discussions with El Salvador regarding its moves on cryptocurrency adoption. Argentina’s securities regulator, the National Securities Commission (CNV), is working with El Salvador’s digital assets watchdog, the National Commission of Digital Assets.
Argentina intends to find out more Bitcoin adoption and regulation of cryptocurrencies through collaboration. Additionally, the country drew inspiration from El Salvador’s bold step in legalizing Bitcoin as a purchasing currency alongside the US dollar.
In one of their meetings, CNV and CNAD officials discussed El Salvador’s journey and experience in adopting BTC into its financial system.
Additionally, El Salvador has demonstrated successful Bitcoin adoption in recent years. According to a X postthe country holds over 5,700 BTC tokens as of March 26, 2024.
Speculations indicate that Cardano could be one of the leaders in the Argentine cryptocurrency market if the country’s plans come to fruition.
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