Former president of Argentina, Mauricio Macri, announced that he had a meeting with Vitalik Buterin, co-founder of leading altcoin project Ethereum. At the meeting, the relationship of cryptocurrencies and Blockchain technology with governments was also discussed. Macri streams the meeting on Twitter. cryptocoin.com Let’s take a look at the details of the interview we compiled.
Mauricio Macri: Ethereum (ETH) is one of the most valuable currencies in the world
Describing the meeting in a tweet, the former chairman stated that Ethereum is “one of the most innovative decentralized technologies” in the 21st century. He also described ETH, the native currency of Ethereum, as one of the most valuable coins in the world. Macri said the main debate is the role cryptocurrencies and blockchain technology can play for governments. The two met at an event organized by The Graph in Buenos Aires to celebrate the protocol’s first anniversary since its transition to the mainnet. Argentina’s former president shared his downfall with the following tweet:
A fascinating encounter with Vitalik Buterin, creator of Ethereum, one of the most innovative decentralized technologies of our century. Ethereum (ETH) is one of the most valuable currencies in the world. We chat about the role of crypto and blockchain opportunities for governments.
Argentina continues to embrace crypto
Vitalik Buterin’s visit to Argentina may not be just for fun. According to Chainalysis, Argentina is one of the nine countries with the highest adoption of cryptocurrencies. The crypto community in the country is expanding rapidly as Argentines seek a way to protect the value of their money. Argentina continues to struggle with rising inflation. According to Bloomberg, the country’s inflation rate is rising by around 50 percent annually. It is also struggling with recurrent currency crises. The South American country plans to allow trading of cryptocurrency futures on its regulated exchanges. Currently, cryptocurrencies are legal in the country but lack clearly defined regulations. The regulations in force are only those related to taxation and the prevention of illegal use.
Innovations coming to the leading altcoin project
Meanwhile, Ethereum continues to plan its next moves to 2022. According to current projections, Ethereum hopes to transition to proof-of-stake (PoS) by the end of the second quarter of 2022. The network recently launched Arrow Glacier, another upgrade that pushes back the start of the challenge. With PoS, Ethereum hopes to become more scalable, secure and sustainable. Price predictions for Ether are also bullish when this happens, as the network hopes to issue a deflationary token that will cause a supply shock and boost its valuation at the same time.
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