Public transport facilities in 37 localities across Argentina now accept Bitcoin

Rajarshi Mitra
Rajarshi Mitra FXStreet
  • A collaboration between Alto Viaje and Bitex will allow public transport facilities in 37 localities across Argentina to accept Bitcoins. 
  • Argentina is in the middle of a financial crisis right now. Many citizens have turned to Bitcoin to preserve their wealth.

Public transport facilities in 37 localities across Argentina will now accept Bitcoins, thanks to a collaboration between Alto Viaje, who provide the travelcard-loading platform, and Bitex, a fintech company. Manuel Beaudroit, CMO of Bitex, explained: 

“We believe that this type of project is of great importance since it brings technology as disruptive as bitcoin to the common people, demonstrating the true value and the applications it has in everyday life.”

Argentina is in the middle of a financial crisis right now. Many citizens have turned to Bitcoin to preserve their wealth. Trading volumes in the LocalBitcoins exchange have soared and the number of Bitcoin ATMs in the country has increased dramatically over the past few months. According to coindance, Argentina has traded 245 BTC since the beginning of the year via LocalBitcoins, that’s $833,000 in present valuation.
 

BEST BROKERS TO TRADE CRYPTO

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.