Cardano News: Charles Hoskinson Plans Meeting with Argentina’s President – Is ADA the Future of Currency Reserves?

• Cardano founder Charles Hoskinson is scheduled to meet Argentina’s president Javier Millei in October on the sidelines of Tech Forum Argentina.
• Cardano has a strong community in Argentina, and with Milei being the world’s most pro-crypto president, the meeting could bear great tidings for the ADA community.

One of the world’s most unorthodox leaders is set to have a sit-down with one of crypto’s most unorthodox leaders in a meeting that could spell great things for the Cardano ecosystem and the ADA holders.

Cardano founder Charles Hoskinson revealed in an interview with one news outlet that he’s set to meet Argentina President Javier Milei in mid-October to discuss the future of crypto in the South American nation.

Milei took power last year in what was one of the most remarkable rises to the top in a major global economy. Before he became president, he had been in an elected position for only two years, but he defeated career politician Sergio Massa by a wide margin. Milei endeared himself to the Argentine people by abandoning the traditional views that have held back his people for generations, including the domination of finance by a few elites.

As we’ve reported, he has been pro-crypto even before he took power and has continued to advance policies that create an enabling environment for the country’s crypto faithful.

And now, Cardano could advance its position in Argentina, with Hoskinson set to hold discussions with Milei at an upcoming event.

I spy with my little eye, a president and a founder who’ll speak up high.

pic.twitter.com/U9dWHbnil1

— Mauro Andreoli || Cardano Ambassador (@MauroAndreoliA) September 17, 2024

The Cardano founder told the outlet:

We’ve had many discussions with his administration, and I’m going to meet him probably on the 19th, but at some point, if not then within that time frame, we’ve been discussing with people that work with him and forum what blockchain’s future is going to look like.

While Cardano will take center stage, Hoskinson clarified that he would be advancing blockchain and crypto’s general needs. After all, a win for one is a win for all, especially in an industry like crypto which has still not made a big mark in the global economy.

Cardano in Argentina

Crypto and blockchain have been touted as the solutions to several global challenges, from hedging against inflation to easing payments and cross-border transfers. Argentina is one of the countries uniquely positioned to be impacted by crypto in all these sectors.

The country has been hit by hyperinflation for years. Last year, inflation hit 133.5%, the third highest globally, and it’s expected to surge 250% this year, which will be the highest globally. While Milei has been working on solutions, such as cutting government expenditure, the citizens have been seeking solace in crypto. Last year, Argentina was ranked 15th globally for crypto adoption by Chainalysis.

For Cardano, Argentina is an important hub, Hoskinson says, adding, “Cardano has been in Argentina for a long time” and has “real strong roots there.”

Meanwhile, ADA trades at $0.3531, gaining 6.6% in the past day to hit $12.7 billion in market cap.