r/argentina is now nano_tipper friendly subreddit!
Hello friends from r/nanocurrency
Just wanted to tell you that r/argentina is now a u/nano_tipper friendly subreddit! I have contacted the admins and now is possible to use !ntip there.
It would be cool to organize some kind of friendship exchange with them, tip some NANOs to the users so the channel became aware.
This is the first tip done in the channel :)
Posted Jan 8, 2020, 8:50 PM UTC · edited
Nice, Argentina seems like a good candidate for spendable cryptocurrency use in LATAM. The economy and government situation are mostly stable but they're experiencing the effects of monetary policy and banking fees which is solved by Nano.
Thanks for the comment. This is an opportunity for Argentina. Monetary policy is really awful, but now we have an alternative!
I think NANO has the features needed to take part in the transition to a modern and flourishing economy.
"Mostly stable"
Not for long
not really stable at all lol but yes crypto will be good for their inflation problem
Hello Nano tipbot is a nice feat for social media but is just a toy just like the general usage of crypto currencies right now. Argentina has a interesting history: In the the beginning of globalisation was Argentiva a very rich nation by exporting beef and other raw materials (just like other countries and territories, like the dominions of british empire). But the it payed a huge price for lack of industrialisation and instable guvernment. Argentina was plagued in history by debt, payment default, corruption, populism and hiperinflation. Still Argentina is almost like Itally or Spain quite developed country and i think that banking system is developed. In LATAM there are a lot of countries which nano should target for adoption but that should be mainly central america and some of the caribbean islands. I am glad of the progress nano is making in Africa because that is probably the key. Is just the poor nations with weak, corrupt states where nano has the best potential. Still in and out ramps are a must but this can be achieved if there is a liquid primary market from crypto to local currencies. That is why what binance is doing in Africa with implementation of local fiat to crypto pairs is very important and I hope that nano will manage to be on the list. If a fiat to nano pair is implemented every body who have both internet banking and the binance app on the phone can become a secondary dealer/representative and can buy and sell nano for cash from the people who are not eligible for bankaccounts. Also based on a primary market apps like exchange from nano direct to mobile money accounts/top ups for prepayed cards can fluorish. Next step is merchants integrate nano payments. (I have studied how mobile money/NTM work in Africa which has a big network of dealers/representans that is the interface between unbanked people and mobile money and the primary marketing and customer service layer).
Last thing is a fustration I have regarding the collapse of the nollar which could have solved some of the volatility problems. That is a great loss even for nano (i think every body understand now how important was usd tether for the last btc bull run and even so btc absolutists are not happy with stable coins). I have to say that ramps/gate ways from crypto to fiat are a necessary condition for the adoption to gain traction and nollar would have been a good bridge for nano. I am ready to be down voted.