Added locales folder to project root. There, files index.js, es.json, en.json wereadded to enable identification of device language settings to display app text accordingly.

App.js

 export default function App() {
   return (
     <View style={styles.container}>
-      <Text>{t{"Hello"}}</Text>
+      <Text>{t("Hola")}</Text>
       <StatusBar style="auto" />
     </View>
   );