With several Spanish-speaking countries in the midst of economic crises, RSK is betting that Taringa's 30 million users will flock to a decentralized alternative.
Share to linkedin... [+]RSK, a subsidiary of IOVLabs that describes itself as the “first open source smart contract platform secured by the bitcoin network,” announced that it is buying Spanish social media platform Taringa, gaining access to the site’s 30 million users.
Taringa has a prominent presence in Latin America and Spain and is based in Argentina, where it’s used by 28% of internet users, ahead of Snapchat, Skype and LinkedIn. With Argentina, Venezuela and other Spanish-speaking countries in the midst of economic crises, Gibraltar-based RSK is betting that citizens will flock to a decentralized alternative for securing their finances.
Although bitcoin and blockchain have become more widely-recognized terms in the last half-decade, Zaldivar acknowledges it’s still a niche industry. The number of blockchain wallet users globally is still just 40 million worldwide, according to aFacebook’s Libra plans could make cryptocurrencies more mainstream, but that project still has complex regulatory hurdles to clear before it sees the light of day.
Zaldivar hopes the ability to test decentralized applications on Taringa’s 30 million users will help RSK’s developers more easily identify what works well and what doesn’t. Most enterprise blockchain startups write smart contracts on the ethereum blockchain, but RSK is hoping to make it work in the bitcoin ecosystem on a much larger scale.
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