The Bank in Argentina is the first bank in the world to allow customers to use bitcoin for cross border payments. It has also revealed its partnership with Bitex, a blockchain-based financial services based in Latin America.
An informational page about the new service on Masvestas’s website explained that “the service allows you to reduce costs associated with international transfers as there are no international banks [serving] as intermediaries.” (Translated quote.)
https://web.facebook.com/BMVBancoMasventas/photos/a.262412513792316.69079.261137243919843/1910955372271347/?type=1&theater
Argentina’s blockchain and cryptocurrency ambitions have witnessed regular growth over the past several months, and the Argentinian government has been relatively welcoming to the technology.
It is a learning route for another country to welcome Bitcoin.
An informational page about the new service on Masvestas’s website explained that “the service allows you to reduce costs associated with international transfers as there are no international banks [serving] as intermediaries.” (Translated quote.)
https://web.facebook.com/BMVBancoMasventas/photos/a.262412513792316.69079.261137243919843/1910955372271347/?type=1&theater
Argentina’s blockchain and cryptocurrency ambitions have witnessed regular growth over the past several months, and the Argentinian government has been relatively welcoming to the technology.
It is a learning route for another country to welcome Bitcoin.
that is good. Recent events in Argentina when the inflation is sky high just shows that people tend to invest in cryptocurrencies when the local banks and governments are failing them.
