Cardano has facilitated the first legally binding smart contract in Argentina, under the jurisdiction of local courts. The contract involves a loan agreement between Cardano ambassadors Mauro Andreoli and Lucas Macchia for 10,000 ADA tokens, valued at $3,380, with a 10% interest rate over four months. This marks a significant milestone as an Argentine court can now enforce full payment in ADA through a Cardano smart contract. The ambassadors also signed a legal document outlining key details of the loan, such as the blockchain and wallet used. This development could pave the way for broader acceptance of smart contracts in commercial agreements within the Argentine legal system. Additionally, Argentina's legalization of Bitcoin and other cryptocurrencies in commercial contracts in 2023, shortly after President Javier Milei took office, further highlights the country's evolving stance on digital assets. Read more AI-generated news on: https://app.chaingpt.org/news