Buenos Aires mayor, Horacio Rodríguez, announced the capital city will run a program for crypto adoption, leading the embrace of blockchain technology in the country.
The city authorities intend to launch a platform for citizens’ digital IDs that will hold all the necessary information, such as birth dates and vaccine certificates, medical records, education documents. To make sure that such sensitive data is well-protected, the platform will run on distributed ledger technology . As Larreta emphasized in his speech:
“All that information stream, which will widen in a geometrical progression, will be protected by blockchain technology [...] We are going to become the pioneers of that technology adoption so the users could control their data on their own.” The move would mark the second step out of 12 towards the digitalized Buenos Aires. What’s even more intriguing is that the ninth step entails the option for citizens to pay their taxes in cryptocurrencies. While the city, itself, won’t hold crypto on its public accounts, it will convert the citizens’ cryptocurrency transactions into Argentinian pesos.
As Buenos Aires’ Secretary of Innovation and Digital Transformation Diego Fernández specified in a separate statement, the city is going to partner with local crypto exchanges, such as SatoshiTango, Buenbit, Ripio and Belo, to facilitate such payments.Buenos Aires during Web3 protocol The Graph’s launch anniversary.
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