Tether is ‘instrument of freedom’ and ‘Bitcoin onramp,’ says Bitfinex CTO

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On a sunny day in the Swiss Alps, Bitfinex and Tether’s chief technology officer, Paolo Ardoino, highlights the Plan B Lugano strategy, with Tether as an onramp into bitcoin (BTC) and – crucially – their favorite pizza toppings. .

Fresh off the plane from Norway, where Arduino participated in an increasingly bitcoiner-friendly event, the Oslo Freedom Forum, the Italian explained that, unlike the WEF, there were no “shillings” in Norway.

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Tether was invited to speak at the Oslo Freedom Forum as the stablecoin is increasingly seen as an “instrument of freedom”. Tether has been adopted by the Government of Myanmar while the Government of Ukraine has accepted crypto donations including Tether since the start of the Russo-Ukraine War.

“Tether is one of the tools used by troubled countries where the national currency is devaluing – where people want an edge against insane inflation.”

Ardoino cites Turkey and Argentina as examples. The Turkish lira has lost 50% of its purchasing power and the crypto, often seen as a hedge against uncertain currencies, is experiencing a second wave of interest. Ardoino also acknowledged that:

“Bitcoin is great, but they want price stability, long-term price stability. […] “Bitcoin is great for many things but it is not yet understood by many.”

Regarding the Plan B strategy in Lugano, where Bitcoin and Tether are the de facto legal tender in the Swiss city, Ardoino shared that educational models in Switzerland are being shared in El Salvador.

“Bitcoin is for everyone. You have people in a poor country who need bitcoin as a basic financial infrastructure. On the other hand, you have the country with the most banks in the world, and they still need bitcoin. “

related: Tether Launches Crypto and Blockchain Education Program in Switzerland

Ardoino also criticized Satoshi Nakamoto’s choice of pizza toppings. Bitcoin Pizza Day took place the day before WEF, a day where bitcoiners around the world eat and try to pay for pizza with bitcoin. Bitcoin’s creator, Satoshi Nakamoto, famously enjoyed pineapples and jalapeos on pizza, to which Ardoino commented, “No one is perfect.”