In the June 15 AMA, Charles Hoskinson declared Argentina the most promising border for Cardano’s expansion, citing political reforms, crypto-driven economic liberalization, and Cardano’s ingrained presence in the local area. The founders of IOG positioned Argentina as the next major strategic drama for the platform after years of basic work in Africa and believed that Latin America’s bets, size and timing are now far outpaced past initiatives.
Argentina is now Cardano territory
“Argentina is likely to be the first country to have private funds on the central bank in modern private currencies,” Hoskinson said, adding: “It’s all cryptocurrencies for private funds.”
He attributes much of this transformation to President Javier Milei, who praised in a hugely idealistic way, “Our good friend Milei in Argentina has not disappointed people. […] He opened up the economy. “Hoskinson even called Milei the “promised prince”, which was notably the more critical remarks he had against other countries such as Nayib Bukele of El Salvador, who he described as “authoritarian” and “opacity.”
The contrast between the two cannot be sharper. Although El Salvador has received extensive media coverage for making Bitcoin legal tenders, Hoskinson […] He arrested any of his political opponents […] Is that Bitcoin land? “He added: “Where is the transparency of blockchain? Where is the review? Is that real Bitcoin or “chivo” Bitcoin? ”
By contrast, in his view, Argentina’s hub was structurally consistent with Cardano’s spirit. He stressed that Miley not only tolerate cryptocurrencies. He actively removed the central bank, encouraging the system of “you don’t need to pass the law – just do it”.
Hoskinson believes Cardano already has a strategic first step advantage in the region. “We have the largest cryptocurrency office in the top ten in Buenos Aires,” he said. “We set up a 100-person office in the old Google office. All the politicians came and said, ‘Wow, these guys are serious.'” He asserted that this reputation not only gave Cardano credit to Cardano, but also played a role in shaping the blockchain infrastructure in Latin America.
While Hoskinson acknowledged the challenges of Africa’s past – especially the cheating of Ethiopian blockchain ambitions due to political instability, he insisted that IOG and Cardano learned from these early setbacks. “Africa is still in the portfolio,” he confirmed. “But we are smarter now.” The new strategy emphasizes microcurrencies, payments and sustainable fintech rather than fragile government partnerships.
Hoskinson returned to Argentina and pointed out that political conditions can now be adopted on a large scale, and infrastructure and education are already underway. He was undoubtedly ready for Cardano: “We won’t lose that. We will move quickly.”
At press time, the ADA traded at $0.645.
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