Two Major Banks in Argentina Have Added Crypto Trading To Their Apps
In a tweet earlier today, Banco Galicia, Argentina’s largest private bank, revealed that it will allow its customers to purchase and sell bitcoin and other cryptocurrencies as part of a series of “new investment options.”
The bank has added a function to its mobile app’s investing section that allows customers to buy Bitcoin and a few other cryptocurrencies. The launch of these new investment vehicles will be coordinated by Banco Galicia and Lirium, a crypto and digital wallet provider.
The effort is a step toward making crypto more accessible to the general public and bridging the gap between customers and crypto services.
A few hours later, another Argentine bank, Brubank, tweeted that it has also integrated crypto trading to its investment section of its website.
“Yes, we already have crypto! It is a functionality that is being progressively enabled for all our users. When you have it enabled you will be able to view it by entering ‘Investments’ from the app,” the bank tweeted.
Brubank is offering bitcoin and ether trading, as well as the stablecoins USD Coin (USDC) and DAI, according to CriptoNoticias.
Strike, a bitcoin payments infrastructure company, started in Argentina in January 2022, marking a significant step forward for bitcoin adoption in the country. Strike’s CEO, Jack Maller, announced the news on Twitter.
“Today, we launch a superior financial experience to a country that faces hyperinflation, predatory payment networks, and unusable cross-border transfers,” he added, “Today, we use the world’s open monetary network, Bitcoin, to give hope to the people of Argentina.”
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