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Fare In Argentina Can Be Paid In Bitcoin

11:58 12/02/2019
Residents Of Argentina To Pay Fare In Bitcoin

Now residents of 37 cities in Argentina have the opportunity to pay for trips in urban transport in bitcoin, Bitcoinist reports.


Such a possibility emerged after the start of cooperation of the Bitex trading crypto platform and Alto Viaje, the card replenishment service for public transport. It is assumed that such a step of the two companies will contribute to the popularity of the crypto sphere in the country, creating more advertising.


Argentinians use the popular SUBE map for subway or ground transportation. Residents of the country replenish it through PayPal service as well as by crypto payments. This can be done almost everywhere, at metro stations, through automatic terminals, national lotteries, etc.


The implementation of the project plays a big role because it introduces innovative technologies into the everyday life of citizens, Manuel Beaudroit, marketing director at Bitex, believes. In his opinion, people will be able to learn more about bitcoin and see its real value.


Representatives of Alto Viaje stated that payment processing will be available through a local company RapiPago after some time, and in the future, the population will begin to pay taxes and utilities in bitcoin.


The economic situation in Argentina cannot be called a simple one since the country is in crisis, and the concern contributes to the high inflation level. This situation leads to the fact that bitcoin is becoming popular as a means of preserving value.


As previously reported, crypto holders from Argentina got access to OKCoin.

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