Social Network Tiranga Launch Stablecoin Rewards for 27 million users
Recently, a Latin American social networking giant Taringa! partnered with MakerDAO and Airtm, to launch a point based stablecoin system for it’s 27 million worldwide users.
According to recent news published on 7th of July, the firm already revealed this change at Blockchain Summit Latam held at Mexico City.
The program is dubbed as Taringa! Pioneer will be rewarding it users with a certain amount of points for creating content on their platform.
Looking forward to it, the content will then be Monetized by converted to MakerDAO’s Ethereum based stablecoin DAI.
This action of Taringa! proves a strong point that they will be offering users with a secure and stable place to store their currency along with the independence of Government conditions.
Between all this E-wallet provider Airtm will work upon to allow it’s users to convert their respective national currencies to cryptocurrency or any other available form.
As reported earlier, Taringa! proved to be an old player in the market sphere, when it partnered with a wallet provider firm Xapo to launch a Bitcoin revenue distribution system back in the year 2015 which was way too early.
Currently Taringa! is often being characterized as Argentina’s back answer to the Facebook newly dubbed Libra stablecoin.
While as per the current reports a South American online market firm Mercado Libre would operate as a node for Facebook’s Libra Network.
