On September 27th, IOVLabs, the parent company of the RSK Bitcoin Smart Contract Network, announced the acquisition of the Spanish social networking platform Taringa. Through this transaction, IOVLabs announced that it will also integrate RSK's local token RIF into Taringa. Taringa is one of the largest social media apps in Spain, claiming that its platform has about 30 million users, 1,000 active communities and 8 million daily sharing.