Argentina’s Foreign Affairs Minister Says “Contracts Can Be Settled in Bitcoin,” Additional Cryptocurrencies
Argentina’s foreign affairs minister, Jorge Faurie, recently commented that it is possible for contracts to be settled in Bitcoin, as well as other cryptocurrencies. He made the statement during a radio interview on INFOCO, a radio broadcast in Argentina discussing various issues, including technology and financial markets.
Faurie’s comment came in response to an increasing number of companies using cryptocurrencies to settle contracts. The minister pointed out that blockchain technology, which underlies Bitcoin and other cryptocurrencies, can provide greater security for transactions. He also said that it could help Argentina to attract international businesses.
Faurie’s words are a sign of Argentina’s growing acceptance of cryptocurrencies. In November, the country’s central bank authorized crypto exchanges to operate in the country. The nation’s government is also reportedly open to exploring digital currencies and it is already using blockchain to provide citizens with improved public services.
Overall, Faurie’s words suggest that Argentina is moving towards embracing cryptocurrencies and blockchain technology. This could open up new opportunities for businesses looking to operate in the country and provide a boost to Argentina’s economy. In turn, this could help the nation attract more foreign investment and better compete in the global economy.