A Renter In This City Agrees To Pay Landlord In Bitcoin: A Sign Of Mainstream Status?
Portfolio Pulse from Khyathi Dalal
Argentina's city of Rosario records its first rental agreement with rent paid in Bitcoin, following legal amendments by President Javier Milei allowing payments in non-legal tender currencies. The monthly rent is set at an equivalent of 100 USDT in Bitcoin, using local crypto platform Fiwind for transactions. This development aligns with Argentina's recent economic reforms and the recognition of Bitcoin for contractual agreements.
January 16, 2024 | 7:06 pm
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POSITIVE IMPACT
The first rental agreement in Argentina using Bitcoin for monthly payments could signal growing mainstream acceptance of Bitcoin in the country, potentially increasing demand.
The news of a rental agreement using Bitcoin in Argentina suggests a positive sentiment and increased utility for Bitcoin in the country, which could lead to higher demand and potentially a positive impact on its price in the short term.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70