MAROKO133 Eksklusif crypto: Argentina Congress Strips Workers’ Right to Choose Digital Wal

📌 MAROKO133 Update crypto: Argentina Congress Strips Workers’ Right to Choose Digi

Argentine fintech groups had welcomed the possibility that, for the first time, workers could deposit their salaries into virtual wallets. However, lawmakers removed the provision, a move widely seen as favoring traditional banking interests.

During negotiations to secure broader support for the bill, President Javier Milei’s party agreed to exclude the article, despite polls indicating that a large majority of Argentines prefer the freedom to choose where their salaries are deposited.

Distrust In Banks Drives Wallet Adoption

Argentine law today stipulates that workers must deposit their salaries into traditional bank accounts. Despite that law, digital wallet adoption in Argentina has soared over the past few decades. 

In part, that growth reflects limited access to banking. A 2022 Central Bank survey found that only 47% of Argentines had a bank account, a gap largely driven by longstanding distrust of traditional systems.

Decades of financial instability, including the 2001 “corralito” deposit freeze, persistent inflation, and repeated restrictions on access to funds, have eroded public trust in banks and accelerated a shift toward cash and dollar-denominated savings.

In response, fintech-run digital wallets, operated by non-bank payment service providers, have expanded access to financial services across Argentina.

Platforms such as Mercado Pago, Modo, Ualá, and Lemon now rank among the most widely used. Many users without access to traditional bank accounts rely on these apps as their first point of entry into the formal digital financial system.

That’s why fintech leaders welcomed a provision that would have allowed Argentines to deposit their salaries directly into virtual wallets. However, the article was cut out of the proposed labor reform before it was even debated in Congress.

“The exclusion of Article 35 from the labor reform eliminated the possibility for Argentinians to freely choose where to receive their salary. In practice, the obligation to channel salaries through traditional banks was maintained, following strong pressure from the sector,” Maximiliano Raimondi, CFO of Lemon told BeInCrypto. “Governing involves negotiation, but it’s paradoxical that in a context where economic freedom is a central tenet, there has been a setback on a point that expanded a concrete freedom.”

That setback followed an intense lobbying effort by Argentina’s banking sector, which moved quickly to block the proposal.

Political Trade Off Favors Banks

Banking associations sent letters to key senators this week outlining their objections to allowing salary deposits into digital wallets.

They argued that digital wallets lack adequate regulation, pose potential systemic risks, and could deepen financial exclusion.

“They do not have a regulatory, prudential or supervisory framework equivalent to that of banks and their approval would generate legal, financial, asset and systemic risks that would directly affect workers and the functioning of the financial system,” said Banco Provincia, a leading Argentine bank, in a statement. 

Fintech organizations pushed back, arguing that these claims were false. 

“All Payment Service Providers (PSPs) are regulated and supervised by the Central Bank of Argentina (BCRA)… digital wallets were the gateway to financial services for millions of people who were able to open a virtual account easily and free of charge, and access better financial solutions,” Lemon said in a statement.

A recent study by consulting firm Isonomía also found that 9 out of 10 Argentines wanted the option to choose where to deposit their salaries. The tendency was even stronger among independent workers and those who work in the informal sector. The report also revealed that 75% of Argentines already use digital wallets daily.

Ultimately, the banking sector prevailed before the bill reached a Senate vote. According to reports, the government removed the provision to avoid straining relations with banks and to improve the bill’s chances of securing final approval.

The post Argentina Congress Strips Workers’ Right to Choose Digital Wallet Deposits appeared first on BeInCrypto.

🔗 Sumber: www.beincrypto.com

📌 MAROKO133 Eksklusif crypto: XRP Price Prediction: Ripple’s Executive Criticises

Bitcoin is often seen as untouchable, the original force in crypto, rarely challenged on its fundamentals.

But one of Ripple’s most well-known voices sees things differently.

David Schwartz, CTO Emeritus and one of the original architects behind XRP, has called Bitcoin a technological dead end.

He wasn’t criticizing the price, but the architecture.

In a recent post, Schwartz argued that Bitcoin’s continued dominance relies more on its network effect than any real innovation, and warned that this lack of evolution could become a long-term weakness.

In his view, the protocol barely evolves. It survives because it was first, not because it is the most advanced.

He compared it to the U.S. dollar. The technology does not drive dominance. Adoption does.

This debate between Bitcoin and XRP is a never-ending one. But what we know is that it always shifts back to price, and that is what mostly fuels bullish XRP price predictions.

XRP Price Prediction: $1.10 Is Still Closer Than $2.00

XRP remains inside a descending channel, but the recent flush to $1.10 has the markings of a classic exhaustion move.

Since that drop, price action has tried to stabilize above $1.30, which now acts as the key short-term support. If that floor breaks, $1.10 becomes the next likely magnet.

To the upside, $1.50 is the first real friction zone. A clean move beyond that opens the door to $1.90, where the broader structure could begin to shift.

Until there is a breakout above the channel upperbound, this is technically still a downtrend.

That said, the recent action feels more like base-building than panic selling, a pattern that often precedes recovery.

Bitcoin versus XRP. Innovation versus network effect. The same debate, just a different cycle.

And while that debate plays out, price keeps doing what it always does, which is rewarding attention.

This cycle, it’s often the meme coins that move first.

Maxi Doge ($MAXI) is quickly becoming one to watch, rallying a growing community of traders sharing alpha, early opportunities, and good vibes while chasing high-upside plays.

In a Market Fueled by Attention, Maxi Doge Plays to Win

Maxi Doge ($MAXI) is not trying to win a technology debate.

It is built for what actually drives explosive moves in crypto. Narrative, momentum, and community conviction.

When majors grind inside descending channels and traders wait for a reclaim, capital starts scanning for something with asymmetric upside. Something early. Something loud. That is where meme energy usually steps in.

Maxi Doge leans fully into that reality. Bold branding. Clear positioning. Zero confusion about what it is. A high-conviction meme play designed for fast sentiment shifts, not slow protocol upgrades.

And the traction is real. The $MAXI presale has raised around $4.6 million so far, with staking rewards offering up to 68% APY for early participants.

Visit the Official Maxi Doge Website Here

The post XRP Price Prediction: Ripple’s Executive Criticises Bitcoin’s Technology – Can XRP Overtake BTC? appeared first on Cryptonews.

🔗 Sumber: cryptonews.com