More than one million users will be able to pay with Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. and other cryptocurrencies at the various merchants that accept QR payments in the country.
- Bitso launches crypto QR payments in Argentina.
- Users will be able to pay with Bitcoin, Ether and stablecoins.
- It will be the first in Latin America to test this solution.
Cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. exchange Bitso announced the launch of a new QR payment service for the Argentine market.
The feature will enable more than one million users of Bitso in Argentina to pay from the platform’s mobile application for their everyday purchases with QR, according to a press release sent to DiarioBitcoin . The option a contract giving the buyer the right, but not the obligation, to buy or sell an underlying asset or instrument at a specified strike price. is available at any merchant that accepts this payment method and users can choose between different cryptocurrencies.
We are marking a milestone in Argentine crypto history ????
Our users will be among the first people in Latin America???? to pay for their purchases with crypto via QR.
????Bajajajate la app que ya se vieneee.
– Bitso Argentina (@BitsoArg) September 23, 2022
By simply scanning the store code, customers will be able to pay for their purchases with their balance in the app, where they will have a menu to choose the currency of their preference. Payments can be made in Argentine pesos, Bitcoin (BTC),Ether the form of payment used in the operation of the distribution application platform, Ethereum. (ETH) or the DAI stablecoin. According to the statement, the service includes support the opposite of Resistance, it is a threshold that crypto’s price doesn’t fall below. for other forms of digital digital technologies are these electronic tools that have the ability to generate, store or even process data. dollars, although it did not specify which ones.
Regardless of the currency you choose, merchants will receive funds in the local currency, because Bitso will automatically make the conversion into Argentine pesos “ with the best exchange businesses that allow customers to trade cryptocurrencies for fiat money or other cryptocurrencies. rate “. The service includes a fee, although if payment is made directly with pesos, no charge will be applied.
QR CryptoPayments arrive in Argentina
Bitso which is launching the new QR cryptocurrency service two years after start operations in Argentina The company assured to be the first company to offer a solution of this type in the country.
The exchange said in the publication that it chose to launch the new solution in the South American country because of the popularity and widespread use of QR payments among the Argentine population. “ 59% of Argentines have used QR payments in the last year, compared to the regional average of 34%. “, he pointed out Bitso citing data from a study by Mastercard .
Santiago Alvarado, Senior Vice President of Product for Bitso said for his part that the launch is “a great success. testimonial “of the company’s strategy to “ create financial products”. of cryptocurrencies “that are useful in people’s daily lives”.
The case of Argentina is extremely important because a product with these features will help people protect themselves from the adverse conditions facing their economy, such as inflation a general increase in prices and fall in the purchasing value of money. and currency currency is a medium of exchange that defines value. devaluation. In this context, it is a payment product that allows Argentines, in a nutshell, to live [with cryptocurrencies], and Bitso to achieve its mission of making crypto useful.
Argentina will be the first in Latin America to try out the service, which will will be progressively available to users from 27 September. The communiqué insinuates that Bitso could bring this service to more markets in the region in the future.
Originally from Mexico, Bitso is one of the leading digital asset trading platforms in the world. larger in Latin America. After opening its doors in 2014 in the Aztec country, the company has been growing, expanding its range of services and expanding to several countries, including Brazil and Colombia. Among the offerings, has put an emphasis on its cryptocurrency business .
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Article by Hannah Estefania Perez / DiarioBitcoin
Imagen de Unsplash edited in Canva