Bitso introduces crypto QR payment tool in Argentina

Bitso introduces crypto QR payment tool in Argentina

Share

🤗 100% Fact

Bitso introduces crypto QR payment tool in Argentina

The Block13 days ago
DaiDai
Published on September 23, 2022 00:23 GMT+00:00edited on September 23, 2022 17:31 GMT+00:00

Share

Bitso soon will launch a new QR code payment tool in its wallet app that allows shoppers in Argentina to pay with crypto at a wide array of supermarkets, restaurants and other stores around the country, providing an alternative to the peso, as inflation batters the economy. 

The Latin America-focused cryptocurrency exchange, which counts more than a million customers in Argentina, will start progressively rolling out the QR code option to users there starting Sept. 27. 

“The idea is to make crypto more useful in more places, and allow all citizens to live their lives in crypto by buying everyday services,” Bitso’s Senior Vice President of Product Santiago Alvarado told The Block in an email. 

The QR codes provide an additional option for Argentine consumers to save in crypto and spend it …