BTC Approved in 37 Argentinian Cities As Transportation Payment

The importance of digital money is gaining strength in many countries due to its soaring benefits and the unprecedented tech behind it. Argentina is also among the ones like Venezuela which is embracing cryptocurrency to fight against the rising inflation.

Also Read: Cryptocurrency Exchange QuadrigaCX Allegedly Has Access to Some Crypto Funds, Claims Research

The South
American country has publicized its new move of accepting Bitcoin as a payment
mode through SUBE cards in 37 countries for public transport services. The
Recent update announced by an online media outlet Cripto247.

The provision
has become possible after the joint efforts between Alto Viaje- a provider of
travelcard-loading service and Bitex- a blockchain fintech startup.

Beaudroit, CMO
of Bitex, believed that: “For demonstrating the true value and the application
of disruptive technology and to make bitcoin available to the common people in
everyday life this project is of great importance.”

Now, by topping
up SUBE cards with credits at all subte stations, national lottery outlets
including some kiosks with automated terminals people can easily pay for
hassle-free travel service. The SUBE website has also announced a
map of SUBE
vendors to locate the nearest point of sale.

Luciano Verardo,
Director of Alto Viaje, mentioned:

“From Alto Viaje, we want to offer safe and innovative services, the alliance with Bitex allows us to integrate the payment with bitcoins and new possibilities of financial inclusion for people and companies.”

Also Read: In 2019, Investors Might Choose Gold Over Bitcoin: Jan Van Eck

SUBE card facilitates customers to pay for trips in groups, subways, and trains. Reportedly, at present this facility can be exercised in 37 places of the country:

Metropolitan Area of Buenos Aires,

Bahía Blanca,

Catamarca,

Cipolletti,

ComodoroRivadavia,

Corrientes,

Formosa,

General Pico,

General
Pueyrredón,

Gualeguaychú,

Jujuy,

Necochea,

Neuquén,

Olavarría,

Palpalá,

Paraná,

Party of the
Coast,

Pergamino,

Pinamar,

Rafaela,

Rawson,

Resistance,

Rio Gallegos,

Rio Grande,

Roque Sáenz
Peña,

San Carlos de
Bariloche,

San Juan,

San Luis,

San Martin de
los Andes,

San Nicolás de
los Arroyos,

Santa Fe from
Vera Cruz,

Santa Rosa,

Trelew,

Ushuaia,

VenadoTuerto,

Viedma Y

Villa Allende.

If we look at the global industry scenario and the adoption of Bitcoin as a payment option is downright low and slow. But with time and education, it is gaining the support of the economists, govt. personnel along with the public. The blockchain tech and cryptocurrency would certainly take time to get into the mainstream and thereon achieve the mass adoption. Countries like Japan, Singapore, Australia, Argentina and amongst others have already taken the extraordinary despite challenging and forward-looking step of accepting bitcoin as a payment option for various services by collaborating revolutionary and trustworthy infrastructure providers which are making the significant decisions implementable. 

Also Read: Malware Attempts to Hack Cryptocurrency Exchange Accounts, Mac Users at Target

The latest move
by the country cannot be considered a futile initiative for conventional
thought leaders. In fact, the consensus can play a catalyst for other nations a
knocking factor to understand the prominence of digital assets and a serious
push into the mainstream.

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