ROSARIO, Argentina - In a pioneering move within the country's real estate market, Rosario has become the site of Argentina's first rental contract paid with Bitcoin. This landmark agreement allows a monthly rent of $100 to be paid in the popular cryptocurrency, marking a notable stride in Argentina's embrace of digital currencies amid economic reforms.
The transaction was facilitated by Fiwind, a company specializing in processing cryptocurrency payments. This initiative aligns with recent legal reforms and a decree by President Milei aimed at promoting the use of cryptocurrencies as a legitimate means of economic transaction.
Foreign Minister Mondino has played a crucial role in incorporating specific cryptocurrencies into the nation's financial regulations framework.
Despite this groundbreaking development, there remains uncertainty about the future of crypto-based tenancy agreements in Argentina. There is a potential risk that Congress could overturn these agreements, which would put a halt to the innovative practice of using Bitcoin for rental payments.
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