The ethers as a national currency? – Since September 7, 2021, El Salvador has changed the world by becoming the first nation in history to make Bitcoin (BTC) legal tender. In a South America where state currency inflation is a scourge visible to the naked eye, this inevitably gives ideas, in this case for Argentina which is very interested in Ethereum (ETH) .
Vitalik Buterin invites himself into Argentina’s monetary future
Despite the many years that banks have spent denigrating Bitcoin and cryptocurrencies, the world is slowly realizing that these new forms of digital currencies, decentralized, can be a excellent means of exchange, including for the everyday economy.
As the Argentinian edition of the Forbes newspaper reports, Vitalik Buterin, co-founder ofEthereum, recently visited Argentina, to attend an impromptu conference organized by the project The Graph (GRT).
The creator of the network met there Mauricio macri, the former Argentine president (from 2015 to 2019). Obviously, according to the tweet of the ex-leader after his meeting with Vitalik Buterin, it seems that the politician is seduced by ethers :
“An exciting meeting with Vitalik Buterin, creator of Ethereum, one of the most innovative decentralized technologies of our century. Its currency, ether, is one of the most valuable in the world. We discuss the role of cryptocurrencies and the opportunities for [technologie des] blockchains for states. “
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Vitalik Buterin, the “Messi” of cryptocurrencies
The founder of Ethereum was also very well received at the conference of The Graph project, which celebrated its first year of existence of its main network. The local adoption manager of The Graph, Lorena Fabris, even compared Vitalik Buterin to a Lionel messi (Argentine soccer player):
“He’s the Messi of crypto (…) His visit was a huge boost for The Graph and the local crypto ecosystem. (…) He may have come to see some key players. (…) Cryptocurrencies are widely used in Argentina, due to the macroeconomic reality of the country (…) ”
Indeed, Argentina undergoes periods ofhyperinflation of its fiat currency for many, many years. A situation that makes crypto-assets perceived as possible lifelines, as stores of value.
And when it’s not to fight paper currency inflation, cryptos can help resistance networks bypass restrictions. This use case has been demonstrated in ex-Burma, where the Myanmar national unity government adopted USDT stablecoin of Tether to develop, despite the military junta coup that stripped it of power.
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