Key facts:
In the midst of the cryptocurrency bear market, companies like Ripio are betting on their growth.
“Argentina really has a unique opportunity to promote this sector,” warns a specialist.
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“Post-pandemic there was a very large cycle of crypto adoption and the debate was revived about whether it is a passing trend or a technology that is here to stay.” This is how Juan José Méndez, the brand director of the cryptocurrency company Ripio, referred to this unknown that is growing in the current bear market.
Faced with this scenario, the company made several announcements at an event at the Konex cultural center, fully betting that crypto adoption will grow. During the meeting witnessed by CriptoNoticias, gravel presented his educational book on the world of cryptocurrencies. This has a physical version and will have an extended digital one for free.
In the middle of the event, the company also announced the launch of Rubble Portalyour web3 wallet to access the market for non-fungible tokens (NFT) and decentralized finance (DeFi). This tool, detailed by CriptoNoticias in another note, is already in beta version for its users in Argentina.
In addition, the co-founder and CEO of the company, Sebastián Serrano, revealed that they are working on launching their own network called Ripio chain. This is what she said by video call from Spain during the meeting. And he recalled that the company is in the process of expanding in the European country and in LATAM, where it operates in Argentina, Brazil, Colombia, Uruguay and Mexico.
These announcements come amid one of the harshest price drops the crypto ecosystem has ever seen. Although far from stopping for that, the initiative shows the long-term bullish conviction of the industry. Likewise, it shows signs of growth, despite the current bear market, as the team of gravel to CriptoNoticias.
Argentina can become the capital of cryptocurrencies
During the event held in the place of origin of gravel, Argentina, the invited economist Ignacio Carballo, said that the country has not grown economically since 2017. With the exception of 2021, product of the post-pandemic restart. However, he emphasizes that the only sector that grew in 5 years is technology finance, doubling the number of companies.
What policy can be more worthwhile than that of generating employment, providing real services and that this employment is of quality and competitive in the world? Those three variables have all the crypto DNA. So I think without a doubt Argentina really has a unique opportunity to promote this sector.
Ignacio Carballo, economist, teacher and researcher.
This makes you think that Argentina could become a capital of the cryptocurrency ecosystem. “An important fact is that while a large part of the crypto world and the tech world collapses, Argentine companies are betting on financial education. I think that speaks very well of the medium and long-term vision that this sector has”, he argued.
“We are used to living in an emergency economy,” says economist
The economist noted that Argentina has a “huge opportunity”not because he sees that the companies that are developing are world class. But also, he deepened, because we are used to living in an emergency economy and having to scale quickly as entrepreneurs.
We are people who need a way that can be clear and that we can understand the risks in order to beat the reality that we have. So that Argentina is the capital of this crypto fever seems to me to be no coincidence. It responds to the moment that we have been living for quite some time.
Tomás Balmaceda, journalist and doctor of philosophy.
They emphasize that this crypto fever in Argentina could be seen last weekend at triple the purchase of cryptocurrencies. This after the resignation of the economy minister Martín Guzmán and the speculation of the rise of the dollar and inflation. In this sense, Argentines find in these assets the possibility of sheltering their value.
For this reason, Martín González, the co-founder and CEO of the NFT marketplace called BAG, concluded, as another exponent at the event of gravel, The importance of education. He points out that there is a lot of bad information spinning in the crypto ecosystem and it is essential that companies educate responsibly so that adoption grows.