The post Argentina’s Crypto Founders Launch ‘Crecimiento’ to Boost Adoption and Support Crypto Ecosystem appeared on BitcoinEthereumNews.com.

Coinspeaker Argentina’s Crypto Founders Launch ‘Crecimiento’ to Boost Adoption and Support Crypto Ecosystem Several crypto founders in Argentina are working together on pro-crypto efforts in the nation’s capital city of Buenos Aires. The project, which involves major stakeholders in the country’s crypto environment, is looking to take advantage of the new government of Bitcoin advocate Javier Milei, who won the presidential election in November last year and assumed office in December. According to an official Substack post, the ‘Crecimiento’ project has three major goals. One is to attract between 5 and 10 million people to the blockchain ecosystem via various on-chain startups and products. Another is to make the country’s tech startup ecosystem 10x larger and better. The group intends to do this by increasing funding and support while improving infrastructure. The group has already seen contributions from stakeholders like Elian Alvarez, the General Partner of Ripio Ventures, Marcelo Cvazzoli, co-founder and chief executive officer (CEO) of Lemon Cash, and Diego Guitérrez, the co-founder of Bitcoin Layer 2 platform Rootstock. The third goal involves the government. Members of the group hope collaboration with the government can help establish a new regulatory framework for startups to enjoy more than 20 years of stability. Crecimiento currently has 550+ contributors it describes as “visionaries and dreamers”. Contributors include Ethereum, Decentraland, Bitfarms, Bitso, Beefy.Finance, Stanford Blockchain, and several others. Crecimiento Plans to Better Economic Situation of Citizens in Argentina via Crypto The project also hopes to save Argentinians from the country’s economic woes. According to Crecimiento, Argentina has been struggling with crippling inflation, with levels rising past 211% at the end of 2023. This has led to increased debt, low economic confidence, and rising poverty and unemployment levels. The group believes that electing Milei as President was a “clear signal of fatigue”, and pointed to the growth of crypto adoption in the country. “Crypto also creates a foundation for creative innovative economic…

---

Filed under: News - @ May 28, 2024 12:22 pm