RATE Group | Bitcoin-powered Alternative to Five Peso Note Issued in Argentina
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Bitcoin-powered Alternative to Five Peso Note Issued in Argentina

04 Mar Bitcoin-powered Alternative to Five Peso Note Issued in Argentina

Posted at 19:09h in Bitcoin News by

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Bitcoin-powered Alternative to Five Peso Note Issued in Argentina 101
Source: iStock/Vitoria Holdings LLC

Argentina has phased out its popular five peso note – but a cryptocurrency company has issued something of a digital replacement – in the form of a commemorative coin with a value redeemable in bitcoin (BTC).

Per TyN Magazine, the five peso bill featured a portrait of the 19th-century historical figure José de San Martín, known as “El Libertador of Argentina.”

San Martín was a Spanish-Argentine general who led many South American nations – including Argentina – in their fight for independence from the Spanish Empire in the early 1800s.

The public’s affection for San Martín is believed to be one of the reasons why many Argentines were so sad to see the five peso note (USD 0.08) go out of circulation on the last day of February.

But a company named Ripio says it has issued a commemorative coin that features a portrait of San Martín on the front, while on its inverse side is a QR code that, when activated, will allow its…

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