First Real State Contract in Bitcoin in Argentina Javier Milei's administration. \ stacker news ~bitcoin

Tha past Governments wanted to regulate the real state rent market by making a rental law. This gave more power to the tenant and not to the owner. The socialist result was less appartments to rent and more expensive to rent (the opposite of what the socialist wanted: like always).

One of the promise of Javier Milei's campaign was to eliminate this law immediatly by decree. As said as done. He kept his promise and during the first month of his mandate the law has no effect. Not only that, they also said that the contract between parties can be done in pesos, usd, other currencies, commodities or others.

And this is how, the First Bitcoin Rental Contract is pacted in Argentina. The unit of account is still the USD. 100 USD per month which must be paid in Bitcoin. If bitcoin falls, they must pay with more bitcoin, if bitcoin rises less bitcoin.

11 sats \ 1 reply \ @xxxxxxx 11 Jan

deleted by author

0 sats \ 0 replies \ @IgnaciobTato OP 11 Jan

Let's think that the owner may only wanted bitcoin and the tennant accepted because he really liked that property and no other.

As the payment is done inside the exchange, the tennant will always must invest 100 USD, do the convertion and make the payment in BTC to the Owner. It is not much a risk for the tennant (unless the rate pesos/usd) but a way of making Bitcoin DCA with your property. In this way you get Bitcoin everymonth. You can keep it in the exchange or withdraw of course.