One of the largest cryptocurrency exchanges in Latin America A Bitso has launched a QR payment program for Argentine travelers. The service proposal aims to use Bitso’s interoperable QR payment technology to make it easier for travelers and tourists to make payments in the country, with multiple dollar exchange rates. Avoid unnecessary and often confusing cash exchange transactions in your area.
Bitso launches his QR payment service for travelers
Bitso is one of the majorcryptocurrency exchanges in Latin America. , launched a QR-based payment service. Allow travelers to pay in cryptocurrencies in Argentina.
The service will improve the lives of tourists arriving in the country by allowing them to pay for services and goods in cryptocurrency at all merchants using the popular QR payment method. We aim to make it easier for you. Bitso’s purpose is to serve as an integrated payment service in countries like Argentina, where there are over 14 different dollar exchange rates, eliminating the hassle of exchanging foreign currency for cash.
Santiago Alvarado, Senior Vice President of Products at Bitso, said of the development: By offering this product to foreigners visiting Argentina, they eliminate the need to exchange cash for local currency and enable contactless cryptocurrency payments in seconds from their mobile phones, maximizing their money and time. you will be able to use it.
The service accepts stablecoins, bitcoins, and ether, with instant exchange upon payment, and counterparties receive his Argentinian pesos.
Bitso aims to capture some of the growing wave of tourists traveling to the country after the Covid-19 quarantine season is over. The company says the tourism industry in Latin America is making a comeback, with searches for travel destinations in the region growing by 113%.
Growth in QR payments
Bitso said that with his implementation of QR payments, which the company announced in September, this feature is now available. You can pay at the huge number of stores and merchants that already use this new payment method. The company incorporated this feature to allow customers who used the platform as a savings tool to bypass external cash exchanges and pay in cryptocurrencies.
QR payments are also growing steadily in the country, and in September he reached a record of over 3 million payments made using this tool.
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