Former Argentina President Calls Ethereum Most Innovative Technology

Former Argentina President Calls Ethereum Most Innovative Technology

The second-largest blockchain network and its currency, Ether, is not new to outstanding recognition. The fact its performance as a blockchain network and currency is not equal to none has consistently earned it befitting acknowledgments from notable individuals in the world.

As usual, the latest of that kind has come from the former President of Argentina, Mauricio Macri, who described the technology as the most innovative innovation of the century.

Ethereum is Innovation of the Century

Macri described Ethereum this way based on its recent encounter with the co-founder of Ethereum, Vitalik Buterin, at an event organized by The Graph in Buenos Aires to commemorate the first anniversary since its launch.

While describing his encounter, the former President praised the Ethereum technology as well as its native currency (ETH) saying “Fascinating encounter with Vitalik Buterin, creator of Ethereum, one of the most innovative decentralized technologies of our century. Its Ether currency is one of the best valued in the world. We chat about the role of crypto and blockchain opportunities for states.”

According to him, their discussion at the meeting was primarily on the uses of crypto and blockchain tech in governments. Additionally, the meeting appears to be impromptu for Buterin, who was in Argentina for a vacation tour of Latin America. However, on arrival at the impromptu meeting, he was still being recognized by attendees of the event.

In the description of an individual identified as Lorena Fabris, one of the web 3 protocols foundation members, likened Buterin’s contribution in the crypto to Argentine football superstar in sports. He even added that his attendance at the event had a lot to add to the growing popularity of Ethereum based protocol in the Argentine community.

Crypto and Argentina

Available information shows that Buterin’s visitation to Argentina was not for recreational purposes alone. One recent Chainalysis report revealed that the Latin American country is one of the countries leading in crypto adoption, thanks to its dwindling economy and devalued currency.

The increasing adoption of crypto in the country is also due to the increasing inflation rates. Bloomberg recently reported that the country’s inflation rate is about 50%.

The crypto market plummeted further over the weekend, and the flagship crypto-asset declined to $45k. This does not pardon Ethereum, as it also had a decline. In fact, the second-largest asset by market value started this week weakly, as it shows no growth.

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