The groundbreaking agreement, inked in the city of Rosario, introduces a novel approach to real estate transactions.
President Milei’s mega-decree, aimed at fostering economic innovation and freedom, has already begun to reshape traditional practices. Let’s discover more about it.
Landmark Bitcoin Rental Agreement in Rosario
The recent Bitcoin rental contract in Rosario stands as a tangible outcome of this transformative policy. The contract outlines that the tenant will pay the equivalent of 100 USDT in Bitcoin each month. This introduces a crypto-based framework to the local real estate landscape.
NEW: As a result of President Javier Milei's megadecree. The first of its kind rental contract in #Bitcoin has been signed in Rosario, Argentina. 🇦🇷
"The agreement clarifies that an amount in ₿itcoin equivalent to 100 USDT will be paid month by month." pic.twitter.com/jMiVuuEpjv
— Simply Bitcoin (@SimplyBitcoinTV) January 13, 2024
The decision to denominate the rental amount in Bitcoin reflects a growing acceptance of digital currencies as a legitimate means of conducting everyday transactions. It not only showcases the resilience of cryptocurrencies but also means a departure from conventional fiat-based systems. The inclusion of USDT as the benchmark for the Bitcoin equivalent provides stability and clarity.
This landmark event has the potential to set a precedent for future real estate transactions in Argentina and beyond. The innovative nature of the Bitcoin rental contract aligns with President Milei’s vision for a more dynamic economy. So, the use of Bitcoin in real estate contracts could potentially open doors for international investment and collaboration.
“After the repeal of the Rental Law, in Rosario (Argentina), the first contract in Bitcoin was signed: a tenant will pay a monthly amount in Bitcoin equivalent to 100 USDT”#Crypto #Adoption https://t.co/2bKUTKtRmM
— ₳ Bïrd Called Px (@AbirdcalledPx) January 10, 2024
In conclusion, the signing of the first Bitcoin rental contract in Rosario, Argentina, post-President Milei’s mega-decree, marks a historic moment in the evolution of cryptocurrency adoption
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