They stressed that there are more than 2.5 million monthly active users of crypto wallets that make transactions that, in 2024, exceeded US $ 91.1 billion.
After the scandal unleashed after President Javier Milei promote a cryptocurrency called $ Libra, lto Argentina Chamber Fintech went out on Saturday to differentiate itself from that asset and defended the development of this sector in the country.
“In the context of what happened in the last hours with $ Libra and the complaints of a case of ‘rug pull’, It is key to differentiate cases such as this from the real value of crypto technology to the productive and financial development of Argentina“They warned from the Fintech Argentine Chamber.
Aware of damage to trust to the cryptoactive caused by the $ Libra scandal, Fintech went out to defend the development deployed in the country. They stressed that there are more than 2.5 million monthly active users of crypto wallets that make transactions that, in 2024, he exceeded the U $ S91.1 billion.
Therefore they recommended that “To fully capitalize this potential it is essential to operate within a framework of transparency and security.” In addition, they suggest that it is better to “use platforms registered and supervised by the National Securities Commission (CNV)”, before investing.
The defense of the Argentine Chamber Fintech
- The Chamber defended the crypt on Saturday and listed the specific applications they have: Savings protection and greater financial inclusion: STABLECINS AND VIRTUAL ACTIVES allow millions of Argentine people and SMEs to preserve the value of their income and access inaccessible investment instruments. These tools integrate historically excluded sectors from the traditional financial system.
- Democratization of credit and public investment: The token of physical and financial assets (such as real estate, commodities or crops) generates liquidity, reduces operating costs and opens new financing paths. For example, the Argentine agro could token its production and obtain financing for up to USD 50,000 million annually.
- IMPULSE TO INVESTMENT AND QUALITY USE: The Argentine crypto ecosystem is a reference in Latin America and attracts capital and global talent. Promoting this industry involves generating more specialized employment and professional development opportunities.
- Automation and operational efficiency: Smart contracts eliminate intermediaries in sectors such as agriculture, logistics and foreign trade, reducing costs, accelerating operations and providing greater transparency to processes.
Source: Ambito
