Upon the news that Brazil and Argentina will start preparations to switch to a common currency, Coinbase CEO Brian Armstrong said that switching to Bitcoin (BTC) would be the right choice in the long run.
of the Financial Times (FT) January 22 According to the news dated Brazil and Argentina partner a new currency in the near future currency block plans to establish. This week, according to the information received from the authorities in Buenos Aires Details on the common currency at a summit to be held will be discussed.
by brazil “SUR” (South) the proposed common cryptocurrency increase regional trade and countries to US dollars to reduce addiction expressed by the authorities. According to the information received at the beginning double continuation to the project that will later Latin America countries too will be invited.
On the other hand, the CEO of Coinbase, one of the largest cryptocurrency exchanges in the USA Brian Armstrong on the subject on social media. in a post published Brazil and Argentina’s as common currency bitcoin whether they are considering using that you are wondering stated. The CEO made the following statements on the subject:
I wonder if they will consider switching to Bitcoin? It would probably be the right choice in the long run.
To Armstrong’s post, Raoul Pal, CEO of Global Macro Investor, said that no country has ever had this much. volatile and independent have a currency can’t be by stating replied.
On the other hand, in the recent past Russia and Iran using it for cross-border payments by breaking embargoes they plan on a gold-backed joint token project started research had been announced. Experts after Russia and Iran Latin America countries on this may increase their interest suggested.