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⚡ Rio To Become Brazil's Crypto Capital

The city will also invest 1% of its treasury in Bitcoin.

Hey Blockster, Is Rio de Janeiro, the second largest city of Brazil, the cryptocurrency capital of the country? Learn here In 2021, crypto adoption gained tremendous traction.   In addition to millions of retail users, institutional investors, as well as large corporate players and investment banks joined the industry to leverage the asset class' high growth rate and other benefits to boost their revenue.   Most importantly, we have also seen significant development on the government level. One of the most notable cases in this field includes El Salvador, where lawmakers made Bitcoin legal tender alongside the USD in September.   While Tonga will likely follow El Salvador's footsteps in the near future, crypto adoption has also reached local governments.   Similar to Miami in the United States, Rio de Janeiro mayor Eduardo Paes recently unveiled his plans to make the city the crypto capital of Brazil. Based on Paes' statements, Rio will invest 1% of its treasury in Bitcoin and give an additional discount for citizens paying their taxes with BTC.   Check out this article on Blockdesk to learn the details of the story. In addition to Rio's plans to become Brazil's crypto capital, we have more exciting stories for you today from the digital asset space. Check them out below: Gavin Wood - The Man Behind Polkadot And Kusama – Polkadot and its canary network, Kusama, have become popular projects within the cryptocurrency industry, especially after recently completing its roadmap's most important milestone. And now, it's time to learn more about Gavin Wood, the mastermind behind the two chains.   CRO Vs. BNB - The Battle Of The Exchanges Heats Up – Since the launch of Binance's BNB, exchange tokens have become integral parts of the crypto space. However, the race between BNB and its competitors has heated up recently, with Crypto.com's CRO gaining quite some traction in the past few months.   Coinbase And Adidas Team Up For Metaverse Partnership – In addition to Facebook (now Meta), Microsoft, Roblox, Nvidia, Apple, Amazon, as well as many other large corporate players and decentralized projects, Adidas seeks to enter the metaverse market with a new partnership with the US-based Coinbase exchange.   Introducing Lit ($LIT) — A Token That Serves Absolutely No Purpose – While there are many serious projects within crypto, some are created for fun. However, that doesn't mean that the latter initiatives can't create value for users. In this article, you will learn the essentials about Lit ($LIT), a project that claims to serve absolutely no purpose (until it does). Hope you enjoyed today's crypto stories. Be sure to check your inbox tomorrow to read more! Cheers, The Blockster Team © 2021 Blockster. All rights reserved This message was sent to lelakikelasmenengah@gmail.com by info@blockster.com Queensway, Midtown, Giblartar GX11 1AA, Gibraltar Unsubscribe | Manage Subscription | Forward Email

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