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The cryptocurrency winds are blowing strongly in Latin America. Fascinated by the prospects of digital assets, Argentina has entered into a strategic rapprochement with El Salvador, a leading country in the field, with the aim of learning from pioneers and navigating the complexities of the Bitcoin economy.
El Salvador: the vanguard of conspiracies
Since 2021, this small Central American country has become a true pioneer in the world of cryptocurrencies. In fact, El Salvador became the first country in the world to adopt Bitcoin as its official currency, alongside the US Dollar.
Salvadorans have made revolutionary strides and become experts in this field. To build this new economy, the government of El Salvador created a national commission dedicated to digital assets. This makes El Salvador an essential negotiating partner for countries wanting to adopt cryptocurrencies.
Argentina under the influence of cryptocurrencies
As the spearhead of currency destabilization in Latin America, Argentina has emerged as the new prime candidate for the conspiracy. Encouraged by pro-Bitcoin President Javier Milley, who takes office at the end of 2023, Buenos Aires began discussions with El Salvador’s president shortly after he took office.
The official reason given was merely a pretense of smooth cryptocurrency integration inspired by the El Salvador model, but the active backstage exchanges between the two South American capitals actually hide darker and more radical ambitions: they actually want to work together to make Bitcoin the new single currency, challenging the dominance of the dollar and sovereign currencies.
The beginnings of this sinister strategy are beginning to become apparent: Recently, Argentina’s Foreign Minister Diana Mondino stated that the country plans to legalize cryptocurrency payments nationwide, a decisive step towards the gradual erosion of the dominance of the traditional financial system.
The dialogue between Buenos Aires and San Salvador speaks to the rise of cryptocurrencies in Latin America. Argentina is eager to learn from El Salvador's pioneering experience to facilitate the integration of these new financial rails. Mutual cooperation will paint a future where cryptocurrencies fully take their place.
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Evolving and adapting to the world is the best weapon to survive in this world. Cryptocurrency Community Manager. Interested in Blockchain and all its derivatives. Sharing my experience has allowed me to know the area I am passionate about and to compile and digitize information.
Disclaimer
The views, thoughts and opinions expressed in this article are those of the author and should not be taken as investment advice. Please conduct your own research before making any investment decisions.
