Cardano’s ADA Used in Argentina’s First Legal Smart Contract
- Argentina enables its first legally enforceable contract using Cardano’s ADA cryptocurrency.
- Blockchain notarization via transaction ID ensures transparency, verification, and enforceability.
- The breakthrough could drive crypto integration into real estate, business, and personal contracts.
Cardano’s ADA cryptocurrency has been used to execute Argentina’s first legally binding and judicially enforceable smart contract. This development allows contracts written in ADA to be upheld in Argentine courts, marking a step towards the integration of cryptocurrencies into traditional legal systems.
The contract, a loan agreement between two parties, involved 10,000 ADA with a four-month repayment term and a 10% interest rate.
We did it, we have just signed the first legally and judicially enforceable contract on the Cardano network, in full compliance with the laws of the Argentine Republic.
— Mauro Andreoli || Cardano Ambassador (@MauroAndreoliA) October 8, 2024
What does this mean? It means that, thanks to the legal framework provided and the process carried out,… pic.twitter.com/pUniZKY1u7
Read also: Cardano Transaction Volume Dips as Major Upgrade …
The post Cardano’s ADA Used in Argentina’s First Legal Smart Contract appeared first on Coin Edition.
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Cardano’s ADA Used in Argentina’s First Legal Smart Contract
- Argentina enables its first legally enforceable contract using Cardano’s ADA cryptocurrency.
- Blockchain notarization via transaction ID ensures transparency, verification, and enforceability.
- The breakthrough could drive crypto integration into real estate, business, and personal contracts.
Cardano’s ADA cryptocurrency has been used to execute Argentina’s first legally binding and judicially enforceable smart contract. This development allows contracts written in ADA to be upheld in Argentine courts, marking a step towards the integration of cryptocurrencies into traditional legal systems.
The contract, a loan agreement between two parties, involved 10,000 ADA with a four-month repayment term and a 10% interest rate.
We did it, we have just signed the first legally and judicially enforceable contract on the Cardano network, in full compliance with the laws of the Argentine Republic.
— Mauro Andreoli || Cardano Ambassador (@MauroAndreoliA) October 8, 2024
What does this mean? It means that, thanks to the legal framework provided and the process carried out,… pic.twitter.com/pUniZKY1u7
Read also: Cardano Transaction Volume Dips as Major Upgrade …
The post Cardano’s ADA Used in Argentina’s First Legal Smart Contract appeared first on Coin Edition.
Read More
Cardano Investors Ask: Could ADA Be Forgotten?