Binance has entered into a partnership agreement with the Argentine government to invest in blockchainBlockchain
is a continuous and sequential block chain of information (digital linked list). When building a blockchain, copies of related blocks are simultaneously stored on multiple computers.Details projects, the companie's press release says.
Binance Labs, the social impact fund of the world's largest Binance crypto-exchange, decided to merge with Argentina’s capital, Buenos Aires.
Interesting in the section: Description of the Binance exchange platform, the algorithm for creating an account
Investing in blockchain projects
The country's Ministry of Production and Labor has committed itself to provide investments of up to $ 50,000 for each blockchain project funded by Binance.
Together with the Founders Lab, the government will invest up to 10 blockchain projects each year over the next four years.
Argentina is one of several places approved by the Binance Labs program. Starting this month, other regional offices will include San Francisco, Berlin, Lagos, Singapore and Hong Kong.
Interesting in the section: Strengths and weaknesses of Вitstamp
The Argentine government and Binance are investing in blockchain projects. Argentina made an export deal with Paraguay using Bitcoin. Paraguay also bought pesticides and fumigation equipment from Argentina for $ 7,100 and used cryptocurrency to settle the deal.
Editor: Yuliya Soroka