Bitcoin (BTC) And cryptocurrency Argentina, which became its friend, broke new ground for itself.
Accordingly Mauro Andreoli, Cardano (ADA) ambassador and Buenos Aires Bar Association lawyer, They announced that they have signed the first legally and judicially enforceable contract on the Cardano network in full compliance with the laws of the Argentine Republic.
The contract is between the two parties for 10,000 ISLANDIt includes a loan agreement of 100% and has a 10% interest rate with a four-month repayment period.
Andreoli stated that this groundbreaking move will serve as a model for future legal smart contracts and will also strengthen the judicial system.
Mauro Andreoli said:
“We did it, we signed the first legally and judicially enforceable contract on the Cardano network, in full compliance with the laws of the Argentine Republic.
This is certainly an important milestone.
This milestone could accelerate Argentinian courts’ broader acceptance of smart contracts as a technology that will facilitate commercial deals.
This contract could also drive cryptocurrency integration into real estate, business and personal contracts.
“Although the contract signed with Cardano is only a loan agreement, it can also be applied to house rentals, purchase agreements or any other legal proceedings that may arise.”
of argentina CardanoHis support for is evident from President Javier Milei’s attendance at the Cardano Summit to be held in Argentina on October 19. At this summit to be held in Buenos Aires, Cardano founder Charles Hoskinso is preparing to meet with Javier Milei.
*This is not investment advice.
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